
Environmental Issues in International Business 275
■ The Kyoto Protocol is a major step towards greenhouse gas reduction, aiming to achieve 1990
levels by 2012.
■ Trans-boundary pollution such as acid rain also has wide ranging eects that call for cooperation
between countries.
■ The challenges of sustainable development are particularly acute for the developing world,
where development is often equated with the Western lifestyle.
KEY TERMS
Environmental degradation, Climate change, Sustainable development, Global warming, Trans-
boundary pollution, Acid rain, Certified Emissions Reductions.
DISCUSSION QUESTIONS
1. What is environmental degradation ...