One of the most pressing problems confronting the world is global warming. To effectively address this issue, governments across the world will be required to introduce regulations to mitigate the impacts of business activities on the environment. This regulation would necessarily require corporations to make significant changes to how they operate, and this will undoubtedly have negative implications for the profitability of many organizations. (However, in the long run no organizations will exist and there will be no profits if action is not taken.)

Required: Describe whether the various theories discussed in class provide hope, or otherwise, that regulations will be introduced that will ultimately benefit future generations but that will require corporations to change how they do business.