Japan shifts Emissions Policy
May 25th 2007 00:23
Japan has made life a little harder for a country with no current clear Emissions policy. Yesterday the Japanese PM announced they would increase their Greenhouse Emissions reduction target to a huge 50 percent the AFR reports page 4, this article states and I agree that this move is going to place a greater focus on Australia's lack of policy.
I knew there was posturing going on coming into thr release of the PM roundtable submissions but I didn't realise Japan would jump on the bandwagon.
You may ask why this is signigicant for Australia well we export a LOT of our coal there (remember we didn't sign Kyoto because we wanted to save Coal owrkers jobs) a major shift like this by Japan would see less demand for Coal, of course the flip side is more demand for cleaner fuels like Natural Gas. But as we know perception is greater than reality and if Australian companies don't get with the program the implications could start hurting the bottom line. As Global awarenss grows people will start to look at the corporate philosophies of those they do business with, a CEO who has had to spend a lot of time and cashola reducing emissions certainly will expect his/her core business partners to do the same and perceived polluters could really be facing a huge image problem. Especially if they are behind their Global Competitors. Beg's the question, will there be a cost of not going Green??????????
I havent read it yet but I noticed there is a big spread in the AFR magazine with the CEO's of 3 top Australian CompaniesComm Bank, IAG and Wesfarmers talking about going green. Could make interesting reading.
I knew there was posturing going on coming into thr release of the PM roundtable submissions but I didn't realise Japan would jump on the bandwagon.
You may ask why this is signigicant for Australia well we export a LOT of our coal there (remember we didn't sign Kyoto because we wanted to save Coal owrkers jobs) a major shift like this by Japan would see less demand for Coal, of course the flip side is more demand for cleaner fuels like Natural Gas. But as we know perception is greater than reality and if Australian companies don't get with the program the implications could start hurting the bottom line. As Global awarenss grows people will start to look at the corporate philosophies of those they do business with, a CEO who has had to spend a lot of time and cashola reducing emissions certainly will expect his/her core business partners to do the same and perceived polluters could really be facing a huge image problem. Especially if they are behind their Global Competitors. Beg's the question, will there be a cost of not going Green??????????
I havent read it yet but I noticed there is a big spread in the AFR magazine with the CEO's of 3 top Australian CompaniesComm Bank, IAG and Wesfarmers talking about going green. Could make interesting reading.
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