New institutional framework for global climate change prevention
Journal Title: European Journal of Management Issues - Year 2018, Vol 26, Issue 1
Abstract
Purpose. This conceptual paper takes the firms’ perspective about practical implications of the theory of the global commons. Global commons are the areas and resources defined as those being beyond national jurisdictions. Their governance, today, however, is still coordinated largely by national states. Design/Method/Approach. This paper introduces a firm's perspective based on the global commons approach. Findings. At present, companies deal with national governments concerning their emissions and, perhaps, the international emissions trading scheme. Theory argues about the need to shift the responsibility from the national to global governmental levels, i. e. the United Nations. Theoretical implications. Given the input orientation put forward by this approach, companies – except fossil fuel extractors – would not actually have to deal with any governmental or regulatory bodies but can focus their capabilities on what they are best at: serving the needs of their customers. Fossil fuel extracting companies, in order to sell these fossil fuels, will have to purchase the amount of emission rights before they sell the fuel into the economic cycle. This approach establishes an economic incentive for companies to employ technologies with low or zero fossil fuel consumption while making the transition path predictable. The underlying concept, therefore, can also be referred to as an immissions scheme (from Latin immissio, “to let in”). Originality/Value. Governing a global common through national structures is inappropriate and does not reflect the nature of the underlying resource. This paper proposes a solution to the problem of global climate change. Further research. Further research is needed to address the effect of this strategy on different industries, and how those are affected based on the degree to which they employ fossil fuels. Paper type – сonceptual.
Authors and Affiliations
A. Presse
Keywords
Related Articles
- EP ID EP361318
- DOI 10.15421/191804
- Views 173
- Downloads 0
Напрями співробітництва України та ЄС в енергетичній сфері [Directions of cooperation between Ukraine and the EU in energy sector]
In the article are analysed the last progress of collaboration of Ukraine trends withEuropean Union in a power sphere; the spheres of subsequent two-sided cooperation are considered in energy; the row of suggestions is o...
Theoretical features and components in the development of the regional labor market
Purpose – to define theoretical features and to substantiate components in the development of the regional labor market. Design/Method/Approach. The systems approach is applied in order to substantiate a conceptual sche...
Реалізація методологічних підходів до оцінки знань у наукометричних базах
Methodological approaches to the assessment of knowledge in modern information space are investigated, scientometric bases as the main tools for implementation of the knowledge economy are defined, the main scientometri...
Асиметричність інформації в глобальній економіці [The information asymmetry in the global economy]
It is studied information asymmetry in terms of the internationalization of the world economy prevents optimal decision making, creates additional transaction costs for producers, resulting in an unequal position in the...
Влияние цифровых технологий на мировой рынок услуг по управлению инвестициями и частным капиталом [The impact of digital technologies on the global market of private banking and wealth management services]
Purpose – to analyze the current trends in the international market for financial investment and wealth management services and characterize the impact of digital technologies on the development of the investment market....