ABSTRACT

A concluding chapter in a field so dynamic as climate change which also attempts to look forward, in a sense is like looking in a crystal ball. As we are academics, we will not attempt to predict the future of climate policy and various scenarios that may or may not unfold. Instead, the final pages of this book will briefly point at some of the dilemmas on the way forward in the post-Kyoto setting. Considering the long and complex development of climate change policy over the years (as outlined in Chapter 2), and the complexities surrounding carbon control (Chapter 4) and compensatory approaches such as emissions trading (Chapter 6), it seems safe to assume that a speedy global approach is not very likely. And, even if there would be a breakthrough, then a complicated transition towards such a uniform regime is to be expected. Leaving this speculation aside, however, there are several issues that deserve attention on the basis of our study of business and climate change and its evolution over a period of more than a decade.