GLOBAL WARMING AND CARBON TRADING : A CONTRADICTION BETWEEN BUSINESS ETHICS AND BUSINESS PRACTICE

Dr Santanu Das

Abstract


Global warming is the most significant threat to the world during 21st century. It is the unusual rapid increase in earth average surface temperature over past century primarily due to the green house gasses released by people burning fossil fuels. Carbon trading is a system whereby countries or individual companies are set emission targets.

The notions of ‘right’ or ‘wrong’, ‘good’ or ‘bad’ are meaningless without any reference to the idea of ultimate end or highest good.Our actions are right if they are conducive to the highest good. Thus, "Ethics" is sometimes defined as “an enquiry into the nature of the ultimate end of human action ---the highest good of man --- and the means of attaining it"

As demand for energy grows over time, the total emissions must still stay within the cap, but it allows industry some flexibility and predictability in its planning to accommodate this. This paper intends to explore the contradiction between "Business Ethics" and "Business Practice"  in the light of Kyoto Protocol.


Keywords


Global warming,Carbon credits,Business ethics,CDM projects.

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