Answer:
1. Some of the environmentally necessary market & non market issues a business is required to manage is,
Pollution – It is a serious environment issues be it Air or water. It makes the necessity of mankind i.e., drinking water, breating air a question for our next generation.
Waste Disposal – It is another major issue, which are the root cause of pollution. There are different kinds of waste generated by different sectors: solid waste, e-waste, medical waste, chemical waste, nuclear waste.
Change in Climate season – It is the issue, in which the climate season & its duration is changed. Extensive summer / winter and its extreme weather in that period.
Drought – It happens in two scenario, i) failure of rainfall precepitation ii) a high intensity of rainfall occurs in shorter duration in a year thereby making a huge quantum of rainwater to get into sea.
Global Warming – It is the raise in temperature of earth making the depletion of ozone layer which results in exposure to direct UV rays.
2. Yes, a mandatory compliance body is necessary in order to achieve significant green environmental responsibility. Some of the reasons are as below,
To regulate the mining activity thereby protection the bio-diversity
To protect the wild animals from disapperance and protect them from illegal hunting etc., by poachers for monetary benefits
To control the emission of CO2 into atmosphere by different sources: transport, power plants, manufacturing industries
3. A Global enforcement agency doesn’t work, because it can’t be a standarized rules for all the nations, since each nation has different social, political issues and different cultures. So, each nation has to frame its own set of regulations in the iterest of protecting the environment.
Thanks.
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