Environmental Waste And Its Effects On Carbon Emissions

1685 Words7 Pages
To get around the issue of these powerful companies being upset from the negative financial impact from the move to zero carbon, a shift must be made in governmental policy. Perhaps the solution may not be punishing companies for producing too much pollution, but rewarding companies for producing much less. In this way, the market for carbon emissions will eventually disappear and naturally profit-seeking companies will aim to pursue activities, hunt for new strategies, and invest in infrastructure and equipment that result in lower carbon emissions. Beyond the simple reward proposition, however, greener policies often result in higher long term profitability for companies nonetheless. Environmental waste is often the best proxy for identifying and eliminating economic waste, meaning that many companies are currently increasing their profitability while simultaneously following a strategy in pursuance of zero carbon emissions. In fact, notoriously profit-focused companies like Tesco and WalMart have announced their intentions to pursue environmental action not out of moral motivation, but in clear quests for greater profitability. The reason for their actions is the simple recognition that environmental and economic interests are often closely aligned. Nearly 50 separate studies from the Economist Intelligence Unit, Goldman Sachs, AT Kearney, Deloitte, MIT Sloan, Harvard and others show that companies that commit to environmentally responsible goals, particularly
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