for 20

Foreword
Irving Mintzer and Amber Leonard

Introduction
Frans van der Woerd, Vrije Universiteit, The Netherlands
Katie Begg, University of Surrey, UK
David Levy, University of Massachusetts, Boston, USA

Part 1: Introduction and overview

1. Down to business on climate change: an overview of corporate strategies
Seth Dunn, Worldwatch Institute, USA

2. Organising business: industry NGOs in the climate debates
Simone Pulver, University of California, Berkeley, USA

3. Best corporate responses to climate change: opportunities for converging climate and biodiversity protecting solutions
Michael Totten and Sonal I. Pandya, Center for Environmental Leadership in Business, USA

4. 2003: the end of the beginning?
Atle Chr. Christiansen, Anders Skogen, Kristian Tangen and Jorund Buen

Part 2: Policy instruments

5. Early experiences with emissions trading in the UK
Frauke Roeser, WSP Environmental, UK
Tim Jackson, University of Surrey, UK

6. Building a greenhouse gas management programme: a framework based on real-world corporate responses
The Partnership for Climate Action with Environmental Defense

7. Governmental and industrial responses to climate change: the case of Germany
Axel Michaelowa, Sonja Butzengeiger and Sven Bode, Hamburg Institute of International Economics, Germany

8. Environmental management systems and their influence on corporate responses to climate change
Rory Sullivan, Insight Investment, UK
John M. Sullivan, Alessa Engineering, Australia

Part 3: Sector analysis

9. Three big Cs: climate, cement and China
Joakim Nordqvist, Lund University, Sweden
Christopher Boyd, Lafarge, France
Howard Klee, World Business Council for Sustainable Development, Switzerland

10. Climate change and the insurance sector: its role in adaptation and mitigation
Andrew Dlugolecki, University of East Anglia, UK
Mojdeh Keykhah, University of Oxford, UK

11. An institutional comparison of two sectoral responses to the political economy of climate change
Jesse Uzzell, DNV, Norway

12. The chemical industry’s response to climate change
Frans van der Woerd, Vrije Universiteit, The Netherlands

13. Multinational responses to climate change in the automotive and oil industries
David Levy, University of Massachusetts, Boston, USA
Ans Kolk, Amsterdam Graduate Business School, The Netherlands

Part 4: Case studies

14. Becoming a first mover in green electricity supply: corporate change driven by liberalisation and climate change
Peter S. Hofman, Center for Clean Technology and Environmental Policy, The Netherlands

15. Corporate responses to climate change: the case of Fortum
Hanne Siikavirta, Pekka Järvinen, Arto Heikkinen and Heikki Niininen

16. The Emissions/Biodiversity Exchange: a corporate sustainable development programme in New Zealand
Bob Frame, Richard Gordon and Ian Turney, Landcare Research, New Zealand

17. Rent sharing in the Clean Development Mechanism: the case of the Tahumanu Hydroelectric Project in Bolivia
Christophe de Gouvello, Centre International de Recherche en Environnement et Développement, France
Pierre Mollon, EDF-E7, France
Sandrine Mathy, Centre International de Recherche en Environnement et Développement, France

18. An early corporate response to climate change: a review of a US Electric Company-sponsored joint implementation pilot project
Naoko Kubo, Global Reporting Initiative, The Netherlands

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	The Business of Climate Change Corporate Responses to Kyoto Edited by Kathryn Begg, De Montfort University, UK Frans van der Woerd, Vrije Universiteit Amsterdam, The Netherlands, and David Levy, University of Massachusetts, USA
Brief description Table of contents	Available October 2004 234 x 156 mm \| 336 pp \| Hardback \| ISBN 1 874719 57 8 £40.00 US$75.00 for 20% reduction!
IN RECENT YEARS climate change has become a leading issue on both the business and political agenda. With Russia now poised to ratify Kyoto Protocol to the UN Framework Convention on Climate Change, business is bracing itself for the reality of serious regulation on the reduction of greenhouse gas emissions. On the eve of Kyoto policy implementation, *The Business of Climate Change* presents a state-of-the-art analysis of corporate responses to the climate change issue. The book describes and assesses a number of recent business approaches that will help to identify effective strategies and promote the dissemination of proactive corporate practices on climate change worldwide. By identifying the factors that cause companies to pursue low-carbon strategies and support the Kyoto process, the book will also be helpful to governments in formulating policy. Business and industry have a crucial role to play in the implementation of the Kyoto Protocol. They are major emitters of greenhouse gases, and pressure is mounting for them to engage in a range of mitigation strategies, from emission inventorying and trading schemes to investments in low-carbon technologies. Behind the scenes a number of companies have started to develop strategies to curtail greenhouse gas emissions. These strategies can be very diverse in nature. At a political level, companies try to influence policy implementation and, more specifically, to test ideas in anticipation of possible regulation on the climate change issue. At a more practical level, there are a burgeoning number of initiatives to conserve energy use in production, transportation and buildings, to develop renewable sources of energy, to measure carbon emissions and sequestration at a detailed level, and to develop various markets for trading carbon credits among companies and countries. Some technologies, such as hybrid cars and compact fluorescent lighting, are now market realities. Common to all of these initiatives is that they operate in an environment of high complexity and uncertainty. The political implementation of the Kyoto Protocol remains uncertain and many details remain unspecified. Economic instruments such as emission trading are favoured, but their mechanisms are still hotly debated and the future price of credits is unknown. New markets for low-emission products and technologies are beginning to appear, but there are currently few regulatory drivers to assist their development. The impact of potential regulation on business will vary tremendously between companies and sectors. The fossil fuel and energy sectors fear the economics of action, while sectors such as insurance and agriculture fear the economics of inaction. Combined with the remaining uncertainties about what form climate change may take, corporate responses to reduce risks have to differentiate between sectors and have to be flexible. For individual companies, these big uncertainties demand new thinking and contingency planning. *The Business of Climate Change* is split into four sections: ‘Introduction and overview’ presents a broad perspective on business and climate policies. ‘Policy instruments’ outlines early experiences with different types of policy instruments to curb greenhouse gas emissions, ranging from emission trading to voluntary agreements. ‘Sector analysis’ assesses developments within sectors of industry that are likely to play an important role in future climate policies: oil, cement, chemical, automotive and insurance. Finally, ‘Case studies’ discusses bottom-up initiatives to combat climate change in five different organisations. This book will be essential reading for policy-makers searching for instruments that have proven business support; academics and researchers analysing the complexity of how business is responding to the challenge of climate change; and businesses wishing to learn about best practice in the sectors most likely to be seriously affected. Back to the Top Contents Foreword Irving Mintzer and Amber Leonard Introduction Frans van der Woerd, Vrije Universiteit, The Netherlands Katie Begg, University of Surrey, UK David Levy, University of Massachusetts, Boston, USA *Part 1: Introduction and overview* 1. Down to business on climate change: an overview of corporate strategies Seth Dunn, Worldwatch Institute, USA 2. Organising business: industry NGOs in the climate debates Simone Pulver, University of California, Berkeley, USA 3. Best corporate responses to climate change: opportunities for converging climate and biodiversity protecting solutions Michael Totten and Sonal I. Pandya, Center for Environmental Leadership in Business, USA 4. 2003: the end of the beginning? Atle Chr. Christiansen, Anders Skogen, Kristian Tangen and Jorund Buen *Part 2: Policy instruments* 5. Early experiences with emissions trading in the UK Frauke Roeser, WSP Environmental, UK Tim Jackson, University of Surrey, UK 6. Building a greenhouse gas management programme: a framework based on real-world corporate responses The Partnership for Climate Action with Environmental Defense 7. Governmental and industrial responses to climate change: the case of Germany Axel Michaelowa, Sonja Butzengeiger and Sven Bode, Hamburg Institute of International Economics, Germany 8. Environmental management systems and their influence on corporate responses to climate change Rory Sullivan, Insight Investment, UK John M. Sullivan, Alessa Engineering, Australia *Part 3: Sector analysis* 9. Three big Cs: climate, cement and China Joakim Nordqvist, Lund University, Sweden Christopher Boyd, Lafarge, France Howard Klee, World Business Council for Sustainable Development, Switzerland 10. Climate change and the insurance sector: its role in adaptation and mitigation Andrew Dlugolecki, University of East Anglia, UK Mojdeh Keykhah, University of Oxford, UK 11. An institutional comparison of two sectoral responses to the political economy of climate change Jesse Uzzell, DNV, Norway 12. The chemical industry’s response to climate change Frans van der Woerd, Vrije Universiteit, The Netherlands 13. Multinational responses to climate change in the automotive and oil industries David Levy, University of Massachusetts, Boston, USA Ans Kolk, Amsterdam Graduate Business School, The Netherlands *Part 4: Case studies* 14. Becoming a first mover in green electricity supply: corporate change driven by liberalisation and climate change Peter S. Hofman, Center for Clean Technology and Environmental Policy, The Netherlands 15. Corporate responses to climate change: the case of Fortum Hanne Siikavirta, Pekka Järvinen, Arto Heikkinen and Heikki Niininen 16. The Emissions/Biodiversity Exchange: a corporate sustainable development programme in New Zealand Bob Frame, Richard Gordon and Ian Turney, Landcare Research, New Zealand 17. Rent sharing in the Clean Development Mechanism: the case of the Tahumanu Hydroelectric Project in Bolivia Christophe de Gouvello, Centre International de Recherche en Environnement et Développement, France Pierre Mollon, EDF-E7, France Sandrine Mathy, Centre International de Recherche en Environnement et Développement, France 18. An early corporate response to climate change: a review of a US Electric Company-sponsored joint implementation pilot project Naoko Kubo, Global Reporting Initiative, The Netherlands
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