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2 - Assessing the Response to the Climate Grand Challenge

Institutions, Governments, Business Practice and Management Research

Published online by Cambridge University Press:  28 March 2024

Gregorio Martín-de Castro  and
Javier Amores-Salvadó
Foreword by
Sanjay Sharma
Gregorio Martín-de Castro
Affiliation:
Universidad Complutense, Madrid
Javier Amores-Salvadó
Affiliation:
Universidad Complutense, Madrid
Sanjay Sharma
Affiliation:
University of Vermont
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Summary

The second chapter analyses the response to the climate grand challenge by institutions, governments, business practice and academia. Since the 1980s, climate science has alerted us, with data and evidence, to the serious effects that human intervention is having on the climate. This grand challenge constitutes a global problem that can be plausibly addressed through coordinated and collaborative efforts at a planetary scale, requiring the involvement of governments, supranational institutions, companies and, of course, management academics. From a historical perspective, we introduce the reader to how climate change was initially treated by multinational institutions and governments, and then we delve into the reaction of industry to this evidence, paying special attention to the fossil fuel industry because of its prominent role in the generation of greenhouse gases. Finally, we analyse the role of academia in addressing this challenge, in particular the role of organisations and the natural environment academics.

Keywords

Climate ScienceInstitutionsGovernmentsBusiness PracticeEnvironmental Strategy EvolutionInstitutional TheoryStakeholder TheoryNatural Resource-Based ViewMicrofoundations of Strategy
Type
Chapter
Information
Regenerative Strategies
Exploring New Sustainable Business Models to Face the Climate Emergency
 , pp. 10 - 42
Publisher: Cambridge University Press
Print publication year: 2024

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