Cimate Change: New Zealand’s Obligation to the Kyoto Protocol

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Climate change is described by the Oxford dictionary as being ‘a change in global or regional climate patterns, in particular a change apparent from the mid to late 20th century onwards and attributed largely to the increased levels of atmospheric carbon dioxide produced by the use of fossil fuels’. Corporations have been faced with the need to protect our limited resources and environment for future generations whilst also trying to meet the needs and wants of consumers today. This has been defined as sustainability.
In 2006 New Zealand prime minister Helen Clarke declared that New Zealand should aim to be the first country which is truly sustainable (Clarke, 2006). New Zealand has long promoted itself as being a ‘clean and green’
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Organizations may want to also use sustainability as a means of gaining competitive advantage over their competition. For an organisation that does not enforce sustainability they may be painted to be polluters or non-conformists to what has now become a huge social and political concern. Rising concerns over sustainability have also impacted on the regulations that companies must abide by and these can be quite expensive or can hinder production. Many of these new organizations will face barriers when trying to implement sustainable processes. One of these barriers may be internal for example resistance from staff to adopt changes. Another barrier faced by New Zealand organizations was the difficulty in finding a recycling company to recycle plastics. Another major development that organizations are being faced with is environmental reporting.
1. ETS: Describe emission trading schemes (ETSs) and what an ETSs might imply for a company. ( maximum 700 words)
The Kyoto protocol is an agreement between nations to enter into commitment to reach gas reduction targets. These targets are not specified by the Kyoto Protocol. This initiative emerged from the belief that developed nations were the main and highest contributors to the current high levels of greenhouse gas emissions. This agreement was adopted in Kyoto Japan on the 11 December 1997. The Kyoto

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