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Motivating For ces    23

               Recognizing that current patterns of resource consumption are not
               sustainable, the European Commission launched a comprehensive
               25-year strategy in 2003 to develop an integrated policy for sustain -
               able management of natural resources [13].
                   Finally, the Rio Summit produced an international environmental
               treaty called the United Nations Framework Convention on Climate
               Change, aimed at stabilizing greenhouse gas concentrations in the
               atmosphere at a level that would prevent dangerous anthropogenic
               interference with the climate system. The treaty led to the adoption
               of the Kyoto Protocol in 1997, which established commitments for
               industrialized nations to reduce their greenhouse gases, and was
               ratified by the great majority of nations, with the notable exception of
               the United States (see Chapter 3).
                   Although the United States has resisted pursuing new environ-
               mental regulations, many worthwhile initiatives have been realized
               in that country with minimal regulatory intervention. Federal govern-
               ment programs administered by the Department of Energy (DOE), the
               Environmental Protection Agency (EPA), and even the Defense Ad -
               vanced Research Projects Agency (DARPA), have provided funding
               for industry-university cooperative research that has yielded signifi-
               cant advances in environmentally benign manufacturing technolo-
               gies and alternative energy sources. EPA has also developed a number
               of voluntary programs to encourage industry adoption of environ-
               mentally sustainable practices (see Chapter 3). However, the level of
               funding and the pace of innovation are still inadequate, given the
               enormous scale of the environmental challenges that we face.


          The Response of Industry
               The sweeping goals of  Agenda 21 were accompanied by equally
               ambitious estimates of multibillion dollar investments required by
               developed nations to support the agenda. Such investments did not
               materialize in subsequent years. However,
               apart from any government subsidies and
                                                          ENVIRONMENTAL
               incentives, there has been a quiet revolution
                                                       MANAGEMENT HAS MOVED
               in industry attitudes toward the environmen-
                                                         FROM A PERIPHERAL
               tal issues raised in Rio. A significant factor
                                                          ACTIVITY INTO THE
               in  this revolution was the formation of the   MAINSTREAM.
               World Business Council on Sus tainable Devel-
               opment (WBCSD), an inter national group of
               business leaders established in 1990 to develop a global perspective
               on sustainable development (see Chapter 3). Their ground-breaking
               book, Changing Course, was an important mani festo describing both

               the challenges and the opportunities for profitability associated with
               sustainable development [14]. Today, WBCSD continues to be an
               influential champion for sustainable business practices, with partici-
               pation from chief executives of over 150 global companies.
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