Q1. How does climate change impact business? Provide at least three specific examples – be creative. They may be positive and/or negative
Three major ways the climate change really influences a business is as follows:
1. Makes the working conditions harsh – When it is a really hot/cold day it makes the working conditions almost impossible to work in. (Especially jobs which involve a lot of physical labour) Taking into consideration builders – they have to work all year round in order to meet deadlines but sometimes when the weather is unfavourable it really takes a toll on the desired results.
2. Extreme weather conditions – Climate change contributes to a lot of ill factors one of which is extreme weather conditions such as floods, drought, tornados, hurricanes etc. This in turn affects the working conditions of the business as the expected result and result achieved may completely vary. As this usually will cause delays and smooth functioning of business and its operations.
3. Changing Demand – With changes in the climatic conditions demand will shift. As the global temperatures rise, for example, demand for winter goods will decline. More consumers are also prioritizing sustainability in the products they buy, shifting demand toward more environmentally friendly goods.
Q2. Provide an overview of the Paris Agreement including a brief history and the current status. In your explanation, be sure to incorporate the following terms: Kyoto Protocol, Conference of the Parties and UNFCCC.
The Paris Agreement left the COP21, the 21st Conference of Parties of the UNFCCC (United Nations Framework Convention on Climate Change), held in Paris from November 30th to December twelfth, 2015. The understanding was embraced on December twelfth, 2015.
The Paris Agreement, similar to the Kyoto Protocol and the Doha Amendment, falls under the structure of the UNFCCC. Article 7 of the UNFCCC built up a Conference of Parties (COP), which goes about as the preeminent body of the tradition, and meets every year except if generally chose. It is at these yearly gatherings, the UN Climate Change Conferences, where exchanges and choices in the interest of the state parties are made.
Dealings for the Paris Agreement began in Durban, South Africa at the COP17 with the foundation of the Ad Hoc Working Group on the Durban Platform for Enhanced Action, normally known as the Durban Platform, in which the Parties to the UNFCCC consented to set up a working gathering to arrange “another lawful instrument or a concurred result with legitimate power” by 2015 at COP21 (the Paris Conference) and to become effective and be actualized by 2020.
The Paris understanding was open for marks from the April 22nd, 2016 to April 21st, 2017. As per article 21(1), it came into power on November fourth, 2016, the 30th day after the date on which no less than 55 Parties, representing an expected 55 percent of the all ozone depleting substance outflows, have kept their instruments of endorsement, acknowledgment, endorsement or promotion.
Q3. China
1) On April 1st 2016, China and the United States of America which together represented 40% of the global emissions issued a joint statement confirming that both countries would sign the Paris agreement. Currently, just after president of the U.S.A Donald Trump announced his decision to withdraw from the Paris Agreement, China has already wrestled to fill in America’s shoes on climate change.
2) China submitted in the 2015 Paris Agreement—a worldwide arrangement which almost 200 different nations additionally marked—to achieve top carbon emanations around 2030, and in the mean-time to build the non-fossil offer of its essential vitality to 20 percent. The Chinese government has upheld the Paris Agreement and thoroughly clung to its Nationally Determined Contribution (NDC) by setting and fortifying the residential strategy focuses for a prior pinnacle and quicker decrease. Considering the way that a portion of the major created economies might fall behind in meeting their NDC vows, China has turned into the reasonable pioneer in conveying on the Paris Agreement. That China, still a rising economy with per-capita salary altogether lower than the long-wealthy Western economies, is attempted and conveying on such aggressive atmosphere objectives exhibits that advancement and condition don’t frame a lose-lose condition. Cutting carbon emanations and different types of natural effect need not exchange off with social prosperity and thriving progressively, they are both perfect and vital. The advancement and prospects of China’s environmental change moderation could serve not just as a dependable guide to other creating nations attempting to adjust the economy and the earth, yet in addition to princely nations that are faltering in their duty to a standout amongst the most squeezing difficulties confronting the present reality.
3)
a. Business must continue leading by example should try and honour their decarbonization commitment to eliminate the use of fossil fuel energy and greenhouse gas emissions from their operations. China is already considered as the low carbon champions and are in a position to take over the title of global climate mitigation leaders. China’s economy was vigorously reliant on petroleum derivatives for quite a long time, particularly residential coal, and saw a fast development of vitality use and related CO2 outflows until 2010. China’s fast achievement in constraining its own residential CO2 discharges has amazed numerous eyewitnesses in the previous couple of years, due to the low utilization of coal.
b. This finding is based on the 15 key attributes including good pay, promotion, desirable work environment, good welfare package, good bonus system, good company policy, good interpersonal relationships, good supervisors, job security, the opportunity to use my ability, a sense of challenge and achievement, positive recognition, autonomy, self‐actualization and interesting job, do motivate employees in China; good pay is the most important motivator for employees in China; employees’ work motivation is affected by their personal characteristics.
c. There has been no obvious mention of the Chinese government funding or incentivising for the Paris agreement to be carried on. According to fewer reports, without the US$100 billion from the Green Climate Fund China has not done too much to keep up the pretence.
d. Since 2008, the Chinese government has changed to a proactive position on atmosphere administration and low-carbon advancement. China’s innovation mammoths assume an essential job in reasonable advancement. Tencent, Baidu and Alibaba are among the world’s main 10 web organizations. Online innovation – especially web based business, web managing an account and internet based life – is quickening the pace of progress. For instance, Ant Financial, a managing an account auxiliary of Alibaba, is an establishing accomplice of the Green Digital Finance Alliance. This union intends to utilize computerized innovation to propel green money. More than 200 million of Ant’s clients joined to Ant Forest, an application that gamifies carbon impression following. The application prompts clients to cut ozone depleting substance outflows, in actuality, showing the huge capability of Fintech for supporting practical advancement. Before the finish of January 2017, the methodology had spared 150,000 tons of CO2. The activities for Tencent incorporate oneself grew low-control utilization server, free cooling and free convection to decrease power utilization and carbon outflow.
4) According to my research and in relation to everything learnt about the Paris agreement, my personal opinion is that the Paris agreement is a great initiative taken towards climate crisis and in order to achieve a lasting change. It is definitely enough as the 12 key points included cover all the necessary areas.
REFERENCES:
1. 5 Ways Climate Change will affect your business. (n.d.). Retrieved from https://mortarnet.com/5-ways-climate-change-will-affect-business/
2. Folk, E. (2018,November 9). How climate change will affect business. Retrieved from https://www.renewableenergymagazine.com/emily-folk/how-climate-change-will-affect-businesses-20181109
3. What is the history of Paris Agreement. (n.d.). Retrieved from http://ask.un.org/faq/120272
4. Worland, J. (2017,June 8). It Didn’t take long for China to fill America’s shoes on climate change. Retrieved from http://time.com/4810846/china-energy-climate-change-paris-agreement/
5. Ye, Q. (2018,September 12). China’s peaking emission and the future of global climate policy. Retrieved from https://www.brookings.edu/blog/planetpolicy/2018/09/12/chinas-peaking-emissions-and-the-future-of-global-climate-policy/
6. Engels, A. (2018,September 12). Understanding how China is championing climate change mitigation. Retrieved from https://www.nature.com/articles/s41599-018-0150-4
7. Fang Yang, (2011) “Work, motivation and personal characteristics: an in‐depth study of six organizations in Ningbo”, Chinese Management Studies, Vol. 5 Issue: 3, pp.272-297
8. Song, S. (2018,April 26). Here’s how China is going green. Retrieved from https://www.weforum.org/agenda/2018/04/china-is-going-green-here-s-how/
9. Adams, P. (2018,December 12). China was the climate champion of Paris now it’s a complete U turn. Retrieved from https://business.financialpost.com/opinion/china-was-the-climate-champion-of-paris-now-its-doing-a-complete-u-turn
2019-2-11-1549859514