One of the key policy areas of sustainability has been on the issue of global climate

change. Correctly complete the timeline.

a) 1992 = World Business Council on Sustainable Development lobbies against any

concrete measures at global level on climate change.

b) 1996-1998 = Shell and BP leave the Global Climate Coalition in the face of European

Union commitment to Kyoto and stakeholder pressure in the EU.

c) 2005 = The European Union launches its Emissions Trading Scheme. This is a market

mechanism designed to achieve greenhouse gas reductions.

d) 2006-2008 = A growing number of firms conclude that measures to tackle climate change

are inevitable and it is therefore prudent to be part of the process.