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2021 | OriginalPaper | Chapter

6. Commodities and the Sustainability Transition

Author : Murad Harasheh

Published in: Global Commodities

Publisher: Springer International Publishing

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Abstract

For the last three decades, global warming and climate change and their implications have been a focal point for researchers, regulators, and politicians. The earth temperature and the GHG emissions have reached alarming levels fearing the irreversibility point, that’s why the sustainability transition has become on global agendas. Increasing earth population, economic growth, and industrialization are said to contribute to climate change. In this regard, commodities are in the heart of these factors; commodities feed economic growth, and they satisfy individuals’ needs. Therefore, in this chapter, I present the climate-related issues in commodity production, mobility, and consumption, and the global efforts and policies to minimize the negative externalities from commodities.

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Footnotes
1
For more details on this issues, you can refer to the EEA joint report: “Is Europe living within the limits of our planet?” available at https://​www.​eea.​europa.​eu/​publications/​is-europe-living-within-the-planets-limits.
 
2
For more information on Kyoto protocol and the Paris agreement, and other climate actions, you can refer to the United Nation’s Climate Change Committee, www.​Unfccc.​Int.
 
3
EU imports 80% of its gas needs, and almost 75% of imports comes from Russia (almost 60% of the EU needs).
 
4
Integrated reporting was developed by the International Integrated Reporting Council (‘the IIRC’) to promote integrated thinking, you see more details on https://​integratedreport​ing.​org/​.
 
5
Various terms are being used among academics and practitioners, but they somehow mean the same thing, ESG rating, sustainability rating, ethical rating.
 
6
It’s an investment funds or a market index composed of companies with high ESG rating.
 
Literature
go back to reference Zaman, P., & Yeo, M. R. (2020). Sustainable Commodities—A New Reality? (Issue June). Zaman, P., & Yeo, M. R. (2020). Sustainable Commodities—A New Reality? (Issue June).
Metadata
Title
Commodities and the Sustainability Transition
Author
Murad Harasheh
Copyright Year
2021
DOI
https://doi.org/10.1007/978-3-030-64026-2_6