Chinese and European researchers have identified the source of almost one-fifth of all the world’s carbon emissions. They come from the supply chains of giant multinational companies. Not only does global business export investment, it exports carbon dioxide emissions as well. And the big players play it really big. The US business Walmart, the world’s biggest retailer, with 11,500 stores in 28 countries, in 2016 generated more emissions abroad than the whole of Germany’s foreign-owned retail sector. That year Coca-Cola’s global emissions matched those from the entire foreign food-and-drink industry in China. Total SA’s foreign affiliates generated more than a tenth of the total emissions of France. Altogether, the multinational giants accounted for 18.7% of global emissions.
Climate News Network 25th Sept 2020 read more »