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BW Businessworld

Opportunity Missed At Rio

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The rio+20 summit is but a shadow of its predecessor — the 1992 Earth Summit — which was packed with world leaders.

Western nations had been most aggressive about the overarching need to reduce pollution, and to tackle global warming. Developing nations then had little negotiating power.

Twenty years on, little has been done. This time, heads of state like Barack Obama, Angela Merkel and David Cameron are conspicuously absent. For them, political and economic concerns back home seem more important.

Emerging markets' growth may have turned the tables but they have not really leveraged this to take the lead. China and India oppose binding targets, pointing to past degradation of the earth and natural resources by the West's unrestrained industrial growth.

Here's an idea: why shouldn't our agenda be about protecting the foundations of our growth story by taking the lead in climate change actions?

Strictly Business
A Dutch court has ordered Apple to pay damages to rival Samsung Electronics. Apple has infringed a patent held by Samsung on how phones and tablet PCs connect to the Internet.

(This story was published in Businessworld Issue Dated 02-07-2012)