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ARTICLE · 30 OCTOBER 2008

Responding To Climate Change – Can It Be Good For Business?

If 2007 was the year when international scientific consensus on climate change became clear, 2008 is the year when it has become a mainstream consumer issue.

AustraliaEnergy and Natural Resources

If 2007 was the year when international scientific consensus on climate change became clear, 2008 is the year when it has become a mainstream consumer issue.

The then Secretary of the Victorian Department of Environment and Sustainability, Professor Lyndsay Neilson, announced more than two years ago that government has moved beyond the debate about global warming and is now concerned with developing appropriate responses. Whilst debate continues in many circles, mainstream business and academia has followed the same course, in response to the weight of public opinion on this issue.

It is difficult to recall a subject that has entered the mainstream of political, social and commercial thought with the same impact and increasing momentum as has concern about the consequences of climate change. Australians have the highest per capita carbon footprint of any member of the OECD. Emissions are increasing twice as fast as in the USA and Japan and up to 5 times as fast as

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