Whilst the climate crisis and global warming are not new issues, they are becoming more important every single day. A few decades ago, experts warned about how catastrophic global warming could be for our planet but it was largely ignored, people didn’t seem to understand how much of a threat this was. Now, it is one of the issues that are at the forefront of the international community, every country is working together to try and minimize the damage from climate change. There are 2 ways to minimize this damage, the first is an individual responsibility, each person has a responsibility to do things in their everyday life such as recycle, take shorter showers and use less plastic. However, this only contributes to a small percentage of the damage, companies are responsible for most greenhouse gas emissions. There are lots of things that these companies can do to minimize this, for example buying a color label printer, which will allow them to print labels with environmentally friendly products and cut down emissions as labels won’t have to be delivered to them anymore. There are hundreds of small changes like this one that companies can make, whilst they are a great step in the right direction, it isn’t enough. This has led to new climate-related regulations being enforced on companies to help in the fight against climate change.

The Issue with Climate Crisis Regulations

One of the main issues that the world is facing in the fight against climate change is that it is up to each countries government to individually decide to work internationally to solve the problem. However, in every democratic country, around every 4 to 5 years there is an election and often this results in a change of government. This makes it difficult to make long-term plans for action against climate change as a country could offer its support in the fight, but once the change of government happens, this support could be withdrawn. One government may agree with having stricter regulations on companies which could help to create real change, but with a change of government, this could be reversed, particularly if there is a climate crisis skeptic that is elected, they could remove all regulations and allow companies to operate without thinking about the environment. However, whilst there is a supportive government in power, there are many regulations that can be implemented on companies.

Regulations Being Enforced

The aim of introducing regulations is to bring the climate crisis to the center of every business decision that has to be made. To force companies into doing this, many governments have added new regulations that put a cap on how much any specific business can emit in one year, this is referred to as their allowance. This is a good way to get companies to think about their emissions as at the end of the year there is an opportunity to sell off your extra allowances if you were under on how much carbon dioxide you emitted, you can sell these to companies who have gone over on their allowance. No company wants to spend extra money on this so it’ll help those involved with decision-making in the company to start to focus on climate change more, as if they don’t it could end up costing a lot for the company. To ensure this runs smoothly, other regulations include ensuring that companies’ use of greenhouse gases is properly reported, this is to prevent a company from finding a loophole and window dressing in the report.