Description

This book explores the origins and significance of the corporate climate action phenomenon, which has attracted increased attention in recent years. It examines how and why, during the 2010s, American, German, and Indian corporations spanning finance, technology, automotive, and energy-intensive industries adopted certain climate practices and converged around the idea that the private sector has a vital role to play in addressing climate change and advancing a low-carbon future. It also considers how policy developments that states widely understood as watersheds, including the 2015 Paris Climate Agreement, simply confirmed what the private sector had long believed: that states lacked answers about how to achieve concerted, ambitious, and effective climate action. It was in this context, amid diminishing expectations for robust state climate action, that select corporations sought to fill a perceived leadership vacuum in an issue area poised to shape future global trends. Providing a novel assessment of the corporate sector as a climate actor, this book evaluates how the shift in the center of gravity in the climate change issue area away from national governments and toward other players may influence world order and impact an international security landscape increasingly defined by non-military challenges.