Business Diplomacy Today Podcast

Business Diplomacy Today addresses contemporary international relations and geopolitics, looking at the issues from a business perspective. It helps business leaders anticipate changing political and societal trends, build and leverage political networks and take a proactive stake in societal and political matters that influence their business environment.

Episode #007: Climate Diplomacy and Emerging Economies

Climate Change mitigation is discussed mainly on a political level between countries, both in multilateral fora such as the COP (Conferences of Parties), the G20, or bilaterally. Our guest Dhanasree Jayaram is an expert in these negotiations. She talks with Matthias Catón about different approaches to climate change in developed and developing countries.

Developing and emerging economies have long argued that developed countries are historically responsible for past emissions. While this argument still holds, many of those countries also see opportunities. China focuses on green technology and is a world leader in producing solar panels. India has high hopes for green hydrogen. Furthermore, at least China’s per capita CO2 emissions are reaching the levels of the European Union, which means that it will have to accept other measurement standards in the future.

They also address the role of companies. More and more companies take action themselves, for example, by setting net-zero targets. According to Dr. Jayaram, small and medium-sized companies (SMEs) and startups may be better suited to make necessary changes to their business model, as they are nimbler and have less legacy. Unlike larger companies, however, they often lack the knowledge and skills.