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Tackle climate change at the individual company level (originally, The Bottom Line on Climate Action), Singapore Business Times, Dec 15 2011

Tackle climate change at the individual company level (originally, The Bottom Line on Climate Action), Singapore Business Times, Dec 15 2011

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Published by Michael P Totten
"THE good news about the Durban climate negotiations is they didn't break down; the bad news is that action was delayed for years. It calls to mind that immortal line of Samuel Beckett's: 'You must go on, I can't go on, I'll go on.'
Once again, positive action towards capping and reducing greenhouse gas (GHG) emissions remain trapped in a classic game of Prisoner's Dilemma, whereby cooperation by all nations to reduce emissions to avert catastrophic consequences (win-win) is trumped by delayed cooperation (lose-lose). Unfortunately, there is no delay in the rise of global CO2 emissions. In fact, emissions are exceeding the worst case scenarios of the Intergovernmental Panel on Climate Change (IPCC). Society is now on a path of increasing the planet's average temperature by 5-7 degrees Celsius this century - a catastrophically high and rapid change unprecedented in the history of Homo sapiens."
"THE good news about the Durban climate negotiations is they didn't break down; the bad news is that action was delayed for years. It calls to mind that immortal line of Samuel Beckett's: 'You must go on, I can't go on, I'll go on.'
Once again, positive action towards capping and reducing greenhouse gas (GHG) emissions remain trapped in a classic game of Prisoner's Dilemma, whereby cooperation by all nations to reduce emissions to avert catastrophic consequences (win-win) is trumped by delayed cooperation (lose-lose). Unfortunately, there is no delay in the rise of global CO2 emissions. In fact, emissions are exceeding the worst case scenarios of the Intergovernmental Panel on Climate Change (IPCC). Society is now on a path of increasing the planet's average temperature by 5-7 degrees Celsius this century - a catastrophically high and rapid change unprecedented in the history of Homo sapiens."

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Published by: Michael P Totten on Dec 20, 2011
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12/20/2011

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The Bottom LinePublished December 15, 2011
Tackle climate change at the individual company level
 
By MICHAEL TOTTEN
THE good news about the Durban climate negotiations is they didn't break down; the bad newsis that action was delayed for years. It calls to mind that immortal line of Samuel Beckett's: 'Youmust go on, I can't go on, I'll go on.'Once again, positive action towards capping and reducing greenhouse gas (GHG) emissionsremain trapped in a classic game of Prisoner's Dilemma, whereby cooperation by all nations toreduce emissions to avert catastrophic consequences (win-win) is trumped by delayedcooperation (lose-lose). Unfortunately, there is no delay in the rise of global CO2 emissions. Infact, emissions are exceeding the worst case scenarios of theIntergovernmental Panel on Climate Change (IPCC). Society is now on a pathof increasing the planet's average temperature by 5-7 degrees Celsius thiscentury - a catastrophically high and rapid change unprecedented in the historyof Homo sapiens.Consequences include desertification of roughly a quarter of globalagricultural lands (half in Africa), the death of most coral reefs and poisoningof marine life from ocean acidification, as well as largely irreversible changes in globalecosystems for 1,000 years after emissions stop.According to a report by the International Institute for Environment and Development and theGrantham Institute for Climate Change, cost estimates from climate change impacts areprojected to exceed US$1,200 trillion.Until these scientific warnings compel government negotiators to actually cooperate inimplementing global climate solutions, it is incumbent upon all of us to realise that profoundlypositive and powerful climate actions can happen in a direct, effective route by the private sector.Indeed, it is in the best interest of businesses to become climate positive, as their businessprocesses and supply chains are the first to bear the brunt of climate impacts.Legendary business leader Pasquale Pistorio, CEO of STMicroelectronics (STM) till 2005,pioneered zero net GHG emissions when he announced in 1998 STM would become so by 2010.And it would be achieved while greatly expanding global business. How did it accomplish this?STM began by reducing emissions through efficiency gains in energy, water and resource use.Within five years, STM accrued more than US$1.1 billion in savings with a 670 per cent return

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