8/9/2019 Article3_OT_W09_BS

http://slidepdf.com/reader/full/article3otw09bs 1/1

Brady Shiplet

MGMT 5305 – LU01

Dec. 07, 2009

Article # 3

Copenhagen Conference

There are many factors involved in managing an international corporation. Just on the horizon is amajor event that has the potential to impact many businesses across the globe: the climate conference at

Copenhagen. The article, “Why Copenhagen Will Be Good For Business” says that A deal at the

climate conference would tip the balance toward renewables, and offer huge opportunities for companies ranging from Alstom to IBM.

On December 7, delegates at the summit will focus on government negotiations. The U.S. and Barack Obama pledged to cut greenhouse gas emissions 20% by 2020. Global limits are expected to be set in

later sessions. One of the major objectives of the conference is to show that putting the world on a

greener path is good for business. Cisco demonstrated its powerful teleconferencing systemdemonstrating that its products can cut down on business travel and thus carbon emissions. Commerce

Secretary Gary Locke, who hopes to raise exports and U.S. competitiveness, "Clean energy may be thegreatest economic opportunity of this century," Locke says.

While business hopes to profit from Copenhagen, it also has a message for the politicians, especially in

the U.S. It's very important to understand that we have practical solutions to solve the problem of CO2

in the atmosphere. It will be hard to argue against the proposal that the conference will generate more business.

With the continued globalization of the world, companies become even more complex but also simpler.

Tasks become more defined and processes more efficient. Technology and innovation in all industriesall over the globe have helped to bring the world together. There is a need for further integration and

coordination across all nations. China has pledged to improve its energy efficiency. While, French

giant Alstom is proving it can capture carbon emissions from coal-fired power plants, armed withgovernment funding for projects in Poland and West Virginia. In the U.S., IBM's business of helping

companies measure their carbon footprints is growing now that the U.S. will require emissions to be

reported. And further, solar panel companies are salivating over India's plan, to install 20 gigawatts of 

solar power by 2022. These are unprecedented changes in policy and significant investments beingsought. Therefore, there is a need for a great amount of knowledge sharing between the nations.

Politicians can talk all they want, however it will be coordination and cooperation that will determine

the success of the mission of the conference.The author believes that the meetings will encourage further use of cap-and-trade systems, raising the

cost of polluting, thus boosting the cleantech business. That will tip the balance toward renewable

 power and energy efficiency, and, thanks to trading, enable emissions reductions to be sold for revenue.

The second step will be a commitment that industrialized countries will start transferring billions of dollars a year to developing nations to help them become more efficient.

http://www.businessweek.com/magazine/content/09_50/b4159065705944.htm?

chan=magazine+channel_what%27s+next