How Countries Are Responding to the Greenhouse Business Challenge - Essay Example

Thus, it can be stated that there exists the necessity to employ as well as to implement a broad assortment of serious initiatives by different countries in order to diminish the level of emissions by a considerable level (KPMG, 2008).             

China introduced and employed an effective plan in order to respond to the challenge of increased levels of carbon emissions. According to Leggett & et. al. (2008), China and the United States (US) are considered to be the foremost producers of greenhouse gases (GHG) releasing approximately 35% of worldwide emissions. In order to respond towards mitigating the growing concern of carbon emissions, China introduced a plan named the “National Climate Change Program”. The primary objective of China in introducing this important program is to diminish the rising level of GHG emissions (Leggett & et. al., 2008).  

Leggett & et. al (2008) identified that the economy of the US has been significantly influenced by the increased level of GHG. It has been viewed that the growth of modern transportation arrangements is one of the major causes of rising GHG emissions in the US. In order to respond to this significant issue, the US government is incessantly adopting certain important initiatives such as enhancing the energy efficiency relating to the transportation of the vehicles, presenting substitute low-carbon fuels, and enhancing the competence level of the entire transportation system (Leggett & et. al., 2008).  

The European Union (EU) is also liable for generating significant GHG emissions resulting from its international air transportation systems. It is expected that the emissions can be increased in the future if the different member states belonging to the EU do not employ any sort of policy response in this particular area. In this similar context, the EU established a significant mechanism through which it can periodically track the level of emissions as well as the absorption of the GHG (Dow & Aggarwal, 2012).

In order to counter the problem of the increased level of GHG emissions, the Government of India established a plan named “National Action Plan on Climate Change (NAPCC)”. This plan has been fundamentally designed for tackling the aspect of climate change in order to reduce the growing concern of carbon emissions. Furthermore, the plan intends to lessen the intensity of carbon emission which can ultimately support the nation to improve its overall environmental policies by a significant level (Atteridge & et. al., 2009).  

By taking into concern the Third World nations about responding towards an increased level of GHG emissions, it has been viewed that the countries belonging to Third World undertook several significant measures.