Changes in International Business Operations due to the Measures for Climate Change Mitigation

Abstract

In today‘s world international business, in all forms and modifications, is an integral and vital part of the economy of each country. It changes shape depending on the economic climate and the problems which need to be solved by any society individually and by humanity as a whole. In the last few decades what becomes more important is not just getting rich and achieving economic growth but achieving it through sustainable development, through protecting the environment and preserving it for the future generations. Major problem of modern society and economic development is the problem of environment protection and specifically how to prevent climate change, whose effects are of global significance. The present study briefly presents some of the changes in modern business practices due to the impact of the measures taken at international level to mitigate climate change. The impact that these measures have on the business activity of the international companies is discussed in brief. Some opportunities both to reduce companies’ environmental footprint and to enter new markets with new activities are described.