Concern about the responsible preservation of the global environment is going to

Question

Concern about the responsible preservation of the global environment is going to continue to grow in the next century. Businesses at all levels across the globe are asked in most cases to responsibly protect and preserve our planetary environment. Discuss some of the environmentally necessary market and nonmarket issues a business is required to manage by voluntary or by regulatory means. Is a mandatory compliance body necessary in order to achieve significant green environmental responsibility? Can a global enforcement agency work?

Explanation / Answer

Answer:

1. Some of the environmentally necessary market & non market issues a business is required to manage is,

2. Yes, a mandatory compliance body is necessary in order to achieve significant green environmental responsibility. Some of the reasons are as below,

3. A Global enforcement agency doesn't work, because it can't be a standarized rules for all the nations, since each nation has different social, political issues and different cultures. So, each nation has to frame its own set of regulations in the iterest of protecting the environment.

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