Using case studies from specific companies, outline how seriously multinationals address the risk of CO2 emissions?
Nowadays many people are concerned about the global warming and this focused the attention on another really serious problem - the increasing level of CO2 emission in the atmosphere. At higher concentration this gas is considered extremely toxic, therefore this issue has to be seriously taken in consideration. Unfortunately, with every year passing this process is accelerating. On that account, many countries gathered their strength in equalizing the greenhouse gases levels in the atmosphere and signed an agreement at the United Nations Framework Convention on Climate Change. Also many multinational companies decided to assist and help with the situation by using different strategies for the reduction of CO2 emissions. Realizing the gravity of the situation, many industrialized countries focused on achieving the ultimate goal – reducing their emissions of greenhouse gases. On 11 December 1997 in Kyoto, Japan 37 countries have signed a protocol, which oblige them to lower their overall emissions by 5.2% compared by the level from 1990. The Protocol entered into force on 16 February 2005. As the main polluters of the environment, these countries managed to gather their strengths for the future of our planet. The only remaining major polluter, which has not signed the protocol is the United States. Not only countries recognized the danger of CO2 emissions, but also multinational companies are thinking about the future of our world. For example, more and more major auto manufacturers, as the one’s to be blamed for the increasing level of gases, commit to eco-friendly developments. For instance, hybrid engines, which use not only fuel, but also energy in order to reduce Co2 emissions. In fact the first gasoline-electric car was developed in the distant past by Ferdinand Porsche in 1901. Unfortunately, this technology became widely available when it...
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