European Union Effects on Tesco

Topics: European Union, Kyoto Protocol, European Parliament Pages: 4 (996 words) Published: January 15, 2013
P5 – describe the impact of international factors on a selected business. M3 – assess the impact of changes in the global and European business environment on a selected business. Kyoto Protocol

The Kyoto Protocol is an international agreement on Climate Change. The major feature of the Kyoto Protocol is that it sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas emissions. This amounts to an average of five per cent over the five-year period 2008-2012.

The Protocol was initially adopted on 11 December 1997 in Kyoto, Japan, and entered into force on 16 February 2005. As of September 2011, 191 states had signed and joined the protocol. The only remaining signatory not to have joined the protocol is the United States. Other United Nations member states which did not ratify the protocol are Afghanistan, Andorra and South Sudan. In December 2011, Canada announced its departure from the Protocol.

Recognizing that developed countries are principally responsible for the current high levels of GHG emissions in the atmosphere, the Protocol places a heavier burden on developed nations under the principle of “common but differentiated responsibilities.”

An impact of the Kyoto Protocol has meant many businesses have had to amend their carbon footprint which in result will help them become more environmentally friendly. One Business that has been affected a lot is Tesco; they are supposedly using nearly four million tonnes of carbon a year.

Tesco supports the UK Government’s position on climate change and the Kyoto Protocol and are doing their bit to lower their greenhouse emissions by participating in the UK Emissions Trading Scheme and Climate Change Levy. As part of the Trading Scheme they are committed to an absolute reduction in greenhouse gas emissions over a five-year period at a control group of 118 stores, in return for a payment from the Government which is invested in further energy saving...
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