The G-8, meeting this week in Italy, ran into a spot of trouble when the developing nations of the world – primarily China and India – and the already-industrialized nations failed to reach an agreement on specific cuts in heat-trapping gases by 2050, undercutting an effort to build a global consensus to fight climate change.
In what is an “it’s our turn now” attitude, China and India failed to agree on specific targets to cut global greenhouse gas emissions by 50 percent by mid-century, and emissions from the most advanced economies by 80 percent. The developing countries’ stubborness may be understandable given that they have only just begun to figure out how to exploit their environments to get the most from their resources.
Since exploitation of the developing countries is occurring from outside forces – ah, namely global corporations – how about tamping down the ability of those multinationals to do business in the developing countries.
I find the solution pretty simple. If the multinationals and U.S. corporations want to do business in these newly developing nations, then tax them for the destruction they are aiding and abetting. The U.S. mega-giants know exactly what they are doing – or they wouldn’t have shipped their factories and jobs overseas.
Perhaps in addition to corproate social responsibility in the United States, it is time to enforce global responsibility. After all, if corporations want all the profit from exploiting developing nations and their workforces, they should also shoulder the burden of what havoc they are wreaking.