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The Effects Of Climate Change On The Environment

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Introduction

“If international climate policy is to prove effective, government policy-makers will unavoidably need to take all business actors on board, not the least of them the multinational oil corporations. The oil industry is one of the most powerful and global business sectors today and its activities and products are directly linked with rising greenhouse gas emissions. Understanding its climate change strategies and actions is of utmost importance to those policy-makers aiming at constructive participation of the oil industry in the shift to a climate-friendly world.” (Van den Hove, Le Menestrel and De Bettignies, 2002)

Climate change is one of the most pressing issues of the century, and is an issue that must be faced by …show more content…

However, as the realisation of falling demand has hit us and we realise that more steps need to be taken in an effort to combat climate change, the industry is now willing and ready to contribute to the efforts being made. The industry has the expertise to provide a smooth transition from completely relying on fossil fuels to relying on more sustainable methods of energy supply. We cannot promise that the transition will be smooth, and neither is it possible to entirely end the use of fossil fuels as energy sources; but Roscoe Reserves is one out of many oil companies that are willing to co-operate with suitable regulation to reach the common target of easing climate change.

In this report, we will offer our thoughts on what we believe are the best approaches to regulation, both on the national and international levels. We will start by examining the international level, paying attention specifically to the ‘top-down’ and ‘bottom-up’ approaches to regulation identified in the Kyoto Protocol and the Lima Agreement. We will then move on to discuss the most preferred and well-suited regulation method on a national level, comparing Command and Control approaches to New Governance Mechanisms of self-regulation. After these discussions, we will offer a conclusion laying out the most suitable regulatory methods for the oil industry, as well as

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