Even though the combined international efforts are acted upon, there is still a significant need of putting in substantial efforts for being adapted in accordance with the unavoidable changes (Susskind and Ali, 2014). Recent events related to climate, as identified in the five article, have decreased the focus on financing of adaptation for the developing nation, which could end up supporting projects of infrastructure for the protection of vulnerable areas. Additional efforts might be inclusive of farming tolerant of draught. Distributing global emissions have resulted in the reinforcement of the need for several large MNCs in the mitigation of change in climate. Almost 15 to 20 nations hold the key responsibility of approximately 75 per cent of greenhouse emissions across the globe (Nibleus and Lundin, 2010). However, no nation can be held accountable for more than 26 per cent. Mitigation or efforts of cutting emissions, therefore, has to be made global.
It is important to note that the mitigation strategies identified in Copenhagen conference had not been agreed by the emerging economies and developing nations such as Brazil, India and China. The main factor responsible for the same is their belief that measures for the reduction of greenhouse emission should not end up impeding the development of their economy (Nordhaus, 2014). With respect to these countries, the overall era of industrialization can be identified as the key factor that has ended up causing significant damage, and therefore, consider providing assistance in finance to the less- developed economic backgrounds.
Potential Business Opportunities from the Actions of Countries to Combat Global Warming
Such actions are known to have a significant impact all across the globe affecting various aspects such as the ecological environment, society, economy and business organizations. Business organizations hold significant opportunities in these actions crucial to enhance their overall validity and scope of Corporate Social Responsibilities. This is helpful for business organizations to improve their reputation and image across the global and/or national societies within which they conduct their operations (Sutherland et al., 2014). In addition, business organizations have potential opportunities to make investment in related projects that can further be considered as opportunistic for the entire business organization in the shorter run and the longer run.
Change in climate due to the continuous emissions of greenhouse gas since the last many years, by its basic nature, can be identified as a global problem. Binding targets and a common strategy therefore can be considered as major requirements all across the planet. Several international efforts have been identified that can be considered as crucial for combatting the issue of global warming. However, there is still a lot of scope to enhance these efforts as this issue will have a significant impact on the entire planet and its various forms.