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The economics of climate change

Rich countries have to take the lead in fighting global climate change. Lord Nicholas Stern, an economics professor from the London School of Economics, says that without a commitment from wealthy countries, carbon emissions will become “deeply damaging right across the economy and around the world.”


Climate change

The continued rise in food prices is just one example of the kinds of surprises we will be facing in the years to come. Dr Ashok Khosla, founder of Development Alternatives – a non-governmental organisation devoted to promoting commercially-viable , environmentally-friendly technologies – and a former director of the United Nations Environment Programme , says “there are many surprises coming up. I mean real surprises. Climate change was already a pretty big one.”


Sustainability: a business opportunity

By the year 2040, only 15 per cent of the world’s population will be living in what are now called developed countries. It’s therefore essential for today’s business planners to start focusing on the rest of the planet. Fortunately a strategy centred on emerging markets can be both financially profitable and socially responsible, says Barbara Kux of the Dutch multinational Royal Philips Electronics.


CEO view: Ben Verwaayen of BT

Sustainability is becoming an increasingly hot topic in business circles, but when it comes to grasping the sense of urgency surrounding the issue, many of the current generation of business leaders aren’t very good at ‘getting it’. That’s according to the outgoing CEO of BT plc, Ben Verwaayen.


Meeting the sustainability challenge: HCL Technologies

Corporate India is just as committed as Europe and the United States to sustainability, asserts Vineet Nayar, CEO of HCL Technologies Ltd.


Responsible leaders and sustainable growth?

Are business leaders really buying into sustainable development? According to McKinsey, only 20 per cent of executives feel that sustainability is part of their responsibility.


Scarcity and innovation: Powering the developing world

Scarcity of resources, scarcity of political consensus and scarcity of financing for innovation. These are some of the major challenges faced by companies in today’s global environment. That’s according to Leif Beck Fallesen, editor-in-chief and CEO of the Danish publication Dagbladet Borsen. Fallesen was the moderator of the first plenary session at the INSEAD Leadership Summit. He said these concerns are highlighted by a growing food crisis (wheat prices rose more than oil prices last year), climate change and decreased foreign investment (down by 9 per cent).


Social entrepreneurship: Innovative care for the elderly

Grace Segran

Some ten years ago, when Jean-Daniel Muller and his friend, Jean-Michel Ricard, were studying to become sports teachers – both aged 23 – they felt that not enough was being done to help the elderly. So, they decided to develop a series of exercises for the elderly as part of their 3-month practicum, which would eventually form the basis of an innovative scheme.


Muhammad Yunus: Helping the less privileged unleash their entrepreneurial skills

Some thirty years ago, economics professor Muhammad Yunus made his first loan of $27 to a group of 42 women so they could expand their bamboo furniture making business.


Creating a climate for change

A new INSEAD-European Business Summit report on climate change has highlighted a surge in ‘green’ activities by US entrepreneurs, backed by venture capital.


Shell CEO van der Veer

If governments do not intervene, industries will meet the growing demands for energy in the cheapest way possible, and carbon dioxide (CO2) emissions will increase. That puts Jeroen van der Veer, CEO of Royal Dutch Shell plc, one of the world’s leading petroleum companies, in an odd position: a leading capitalist campaigning for more government regulation.


Microsoft: Using technology to tackle climate change

Tackling climate change for Europe is “an incredible opportunity to innovate and compete with the rest of the world.” That’s the view of Microsoft International President Jean-Philippe Courtois, speaking at the recent European Business Summit in Brussels, which was devoted to climate change.


Intel’s Craig Barrett

INSEAD Knowledge

The United States will need to improve its capacity to innovate if it wants to maintain its economic position in the world, says Craig Barrett, Chairman of Intel Corporation. Furthermore, government must make R&D more of a priority, as should private industry.


Islamic microfinance gains popularity in war-torn Afghanistan

After spending several years in Iran as a refugee struggling to make a living working in a beauty parlour, Shooperi Sharif never imagined that one day she would have a business of her very own.


Counting the cost

'Rogue traders' are not exactly a new phenomenon, but when their activities eventually come to be uncovered by their bosses, they may have already run up hundreds of millions, or even billions, of dollars in losses.