Carbon sequestration and the business response to global warming

This paper is an analysis of how the business community is responding to the threat of global warming. In order to do this it first discusses the threat of global warming. Secondly, it examines the promise of carbon sequestration projects begun throughout the world by the business community because they are emerging as one prominent business effort to address global warming. It further explores the costs and benefits of carbon sequestration projects and the regulatory framework from which they are emerging. The paper concludes that the business response is inadequate in comparison to the magnitude of the problem. It further suggests that business is using its increasing influence to bend the international scientific and intellectual agenda to support its opposition to a binding regulatory framework. The paper concludes that a more comprehensive international regulatory framework is necessary to address the threat of global warming.