Diverging business strategies towards climate change : a USA-Europe comparison for four sectors of industry
Woerd, K.F. van der
Wit, C.M. de
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The research project has investigated what strategies specific sectors of industry develop to limit greenhouse gas emissions. In an USA-Europe co-operation, researchers have analysed emerging climate strategies in the oil industry, the automobile industry, the chemical industry and the bank and insurance sector. These sectors are the most important players in the climate policy debate. Special attention has been paid to the questions whether strategies of EU based corporations differ systematically from USA based corporations. Results show rather sectorial specific developments. In most sectors, i.e. oil, automobile and banks, European corporations generally tend to have more advanced policies than their USA counterparts, but this does not apply to chemical companies. Corporate strategies appear to be highly determined by a combination of market situation in the home country and of access to alternative technologies. Objective of the study was to provide information of relevance to the COP (Sixth Session of the UNFCCC Conference of the Parties) 2000 conference, November 2000 in The Hague.