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Climate change regulation : implications for business executives

Polonsky, Michael Jay, Miles, Morgan P. and Grau, Stacy Landreth 2011, Climate change regulation : implications for business executives, European business review, vol. 23, no. 4, Special Issue : Sustainable Business Models, pp. 368-383.

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Title Climate change regulation : implications for business executives
Author(s) Polonsky, Michael Jay
Miles, Morgan P.
Grau, Stacy Landreth
Journal name European business review
Volume number 23
Issue number 4
Season Special Issue : Sustainable Business Models
Start page 368
End page 383
Total pages 16
Publisher Emerald Group Publishing
Place of publication Bingley, England
Publication date 2011
ISSN 0955-534X
1758-7107
Keyword(s) Climate change
Climate change regulations
Climate change reparation scheme
Environmental regulations
Summary Purpose – The purpose of this paper is to provide an overarching conceptual decision model that delineates the major issues and decisions associated with carbon regulations that will allow executives to better understand the potential regulatory schemes and implications that may be imposed in the near future.
Design/methodology/approach – The authors use the extant literature as the foundation to develop a conceptual model of the decisions pertaining to climate change regulation that face business executives today.
Findings – This paper suggests four major categories of issues that must be addressed in any climate change regulatory scheme. These include: “scope” – will carbon emission management systems be global or regional; “who pays” – will the consumer or will the supply chain be responsible for the cost of their emissions; “market or compliance-based mechanisms” – will the CO2 emissions system be market-based or a compliance-based regulatory system; and “criteria” – how can credence of the remedy be established – what is necessary for a business initiative to qualify for as a creditable carbon offset?
Research limitations/implications – This paper offers a framework that categories the fundamental decisions that must be made in any climate change regulation. This framework may be useful in advancing research into any of the four categories of decisions and their implications on commerce and the environment. This paper is designed to be managerially useful and in that way does limit its ability to specifically advance many dimensions of research.
Practical implications – The paper offers executives for a simple model of the decisions that must be made to craft an effective climate change regulatory scheme. In addition, it suggests how these decisions may create exploitable economic opportunities for innovative and proactive firms.
Originality/value – This paper adds value to the debate by clarifying the decisions that must be addressed in any climate change regulation scheme.
Notes Reproduced with the kind permission of the copyright owner.
Language eng
Field of Research 150503 Marketing Management (incl Strategy and Customer Relations)
Socio Economic Objective 910403 Marketing
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2011, Emerald Group Publishing Limited
Persistent URL http://hdl.handle.net/10536/DRO/DU:30036084

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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.