Half a millennium ago, the myth of a lost city of gold drove scores of Europeans to the Americas in search of wealth. Today, images of a new ‘El Dorado’ with fathomless (energy) resources are attracting players from all over the world to a very different place: the Arctic. Driven by the prospect of economic, primarily energy-related opportunities, a […]
In principle, there is broad consensus that knowledge should be the basis of environmental sustainability policies. Knowledge about the environment is often generated by corporations, in addition to governments, as part of their industrial activities (Mukerji 1989).
The Arctic is an important crossroads of industrial development and environmental preservation (Figure 1), as calculations suggest that it contains one-fourth of the […]
Addressing grand environmental challenges (e.g. climate change) entails adapting the skill base and, thus, the composition of the workforce. Recent interventions both in the form of environmental regulation or of subsidies – i.e. the American Recovery and Reinvestment Act (ARRA) of 2009 and its green component, which accounts approximately for 15 per cent of the overall fiscal stimulus – […]
Prime Minister Theresa May recently doubled down on the Conservative Party’s commitment to the development of hydraulic fracturing of shale gas (‘fracking’) in the UK. In the House of Commons, the Prime Minister proposed £1 billion of additional resources be directed to local communities and councils to support their acceptance of this new source of fossil fuel extraction. Fracking, […]
IKEA uses a lot of lumber. You may have become acquainted with that lumber when you sweated over assembling a Billy bookcase correctly. Is IKEA callously felling old-growth forests to prop up our old college textbooks? No, for years it has sourced its lumber from forests certified by the Forest Stewardship Council. But you won’t see that fact trumpeted […]
In pursuit of an America First policy, the US withdrew from the Paris Agreement (COP21), with grave economic and ecological consequences and representing a serious backlash for US global leadership in tackling the environmental challenges and issues surrounding climate change. There was no obvious public appetite for the US withdrawal from the Paris Agreement, yet on the positive side, the European […]
Arctic ice cover has been shrinking as a result of global warming. Besides the important and critical environmental and economic effects of melting ice caps, a side effect is to open the northern sea route for high volume commercial traffic. This shipping route will connect East Asia – Japan, South Korea, Taiwan and China – with North-western Europe through […]
Consumers increasingly prefer to purchase sustainable and healthy products. This trend is important if we are to meet the United Nations Sustainable Development Goals.
However, most evidence about consumer preferences is based on self-reported purchases rather than consumers’ actual purchases. Moreover, when asked, consumers tend to overstate their sustainability and health-conscious purchases.
The problem with this situation is that companies wishing […]
What affects how compliant businesses are with environmental regulations? Traditional enforcement measures such as fines and inspections by authorities can be an effective deterrent for rule-breaking. Recent research has also shown that information-based enforcement tools can be effective at increasing compliance, for instance a “watch list” in the Clean Air Act in the United States that keeps track of […]
Rupert Murdoch, Marissa Mayer, Jean Marie Messier. What do they have in common? All of them are famous CEOs of successful or unsuccessful business empires and all, at some point, were accused for their hubristic personalities. The ‘hubris syndrome’ is a psychological state affecting leaders in positions of authority and power. It is characterised by an exaggerated self-belief, sense […]
Climate change is predicted to bring increased incidence of extreme weather events, rising temperatures, melting ice caps, and changing precipitation patterns. A growing body of literature suggests that the economic costs of climate change may be substantial and far-reaching, impacting agriculture, mortality, labour productivity, economic growth, civil conflict, and migration. Until recently, however, the literature has remained relatively silent […]
With more than 450 eco-labels worldwide, consumers have greater access to information about which products offer superior environmental attributes. However, consumers often do not know the meaning behind a particular eco-label. For example, the European Union (EU) Flower is Europe’s most widely recognised eco-label. Yet 40 per cent of United Kingdom residents state that they do not know its meaning. Fewer consumers understand the “rules,” […]
PMQs on Wednesday opened with an attack on the Government’s air pollution strategy from the backbenches. It was by no means the first time in recent years the strategy has been challenged. It wasn’t even the first time that day. That morning, Government had – for the third time – lost a legal battle over its plan.
All this controversy […]