Business and Climate Change: Key Challenges in the Face of Policy Uncertainty and Economic Recession

Management Online Review, May 2009

9 Pages Posted: 14 Jul 2009

See all articles by Ans Kolk

Ans Kolk

University of Amsterdam Business School

Jonatan Pinkse

University of Manchester - Manchester Business School

Date Written: July 12, 2009

Abstract

Climate change is seen as the most pressing environmental problem of our time by many companies, policymakers and other stakeholders. It is currently also at the forefront of attention in view of attempts to conclude a successor to the Kyoto Protocol that expires in 2012. In bail-out plans and policies to address the economic recession and credit crisis, climate aspects haves figured prominently as well. This article examines recent policy and economic developments and their relevance for business and climate change, considering the implications of the economic slowdown, declining oil prices and bail-outs. Dilemmas in the economy-climate-policy nexus in the current setting are also placed in the broader context related to innovating for climate change, to highlight some of the competitive, technological and market issues that need to be taken into account to break the present dead-lock that hinder radical moves to a low-carbon economy.

Keywords: climate change, bail-out, economic recession, credit crisis, innovation

JEL Classification: D21, F01, F23, G28, H71, H72, H77, M14, M1, M2, L1, L2, L5, Q4, Q2, O31, O32, O33

Suggested Citation

Kolk, Ans and Pinkse, Jonatan, Business and Climate Change: Key Challenges in the Face of Policy Uncertainty and Economic Recession (July 12, 2009). Management Online Review, May 2009. Available at SSRN: https://ssrn.com/abstract=1433037

Ans Kolk (Contact Author)

University of Amsterdam Business School ( email )

Plantage Muidergracht 12
Amsterdam, 1018 TV
Netherlands
+31 20 525 4289 (Phone)
+31 20 525 5281 (Fax)

HOME PAGE: http://www.anskolk.eu

Jonatan Pinkse

University of Manchester - Manchester Business School ( email )

Booth Street West
Manchester, M15 6PB
United Kingdom

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