Case Study:
In November 2007, the United Nations Development Program (UNDP) released a Human Development Report (HRD) titled, ‘fighting climate Change: Human Solidarity in Divided World’ aimed at warning the developed and also developing countries regarding the impact of climate change. The report sought to draw the world’s attention to the threat caused by global warming. According to the report, global warming had resulted in the world reaching a ‘tipping point’ that would bring unprecedented levels of poverty, malnutrition and environmental threats, besides influencing education and health. Kemal Dervis, Administrator, UNDP, state, “Ultimately, climate change is a threat to humanity as a whole. However it is the poor, a constituency with no responsibility for the environmental debt we are running up, who face the instant and most severe human costs”.
The report aimed to forge a multilateral agreement which would come into effect in 2012 after the expiry of the Kyoto Protocol, a protocol to decrease greenhouse gas (GHG) emissions. The agreement would call for a ‘twin track’ approach which required the nations to cooperate and adopt stringent norms associated to curbing warming to below 2°C. Moreover, the UNDP as well proposed that the developing nations must exhibit their leadership qualities by aiming to curb GHG emissions and achieve 80 % reduction by 2050 compared to the 1990 emission levels.
Question: Write an essay on the business strategy you would adopt which is based on the given case study.