This paper seeks to analyze the article “The carbon trading truth: it will cost jobs” by Michael Pascoe (2009) with the same purpose of determining the basis for agreement or disagreement about Australian Accounting Standards and business.
The article talks about the effect of implementing carbon reduction in Australia, which is the possible loss of jobs (Pascoe, 2009). This researcher agrees with this assertion. The author fears that implementing a reduction of carbon emitters will result in the relocation of companies to places where there is cheap cost but the decision will also cause loss of jobs. The author is, however, doubting the seriousness of the planned carbon reduction since no one in Australia has proposed serious green gas reduction which would in effect assuring everybody not to worry yet about the loss of jobs (Pascoe, 2009).
This researcher can only agree as efforts to reduce gas is yet to be seen. Pascoe (2009) saw difficulty for heavy carbon polluters needing to migrate to the value chain of low emission industry and he cited an example of the world’s greatest polluter telling the world about is future smelting with the coal power station.
However, the idea that Australia may be protecting economic objectives over environmental objectives may not be completely true because the fact the Australian Accounting Standards Board has proposed for carbon pollution reduction scheme to commence in 2010 would belie seeming lack of decision to implement the importance of environmental standards in the business. Therefore, the author’s argument that the move to control carbon may entail protecting the nations from economic effects like the loss of jobs since it will go against economic objectives cannot be given a strong degree of belief. Australia is part of the bigger world of business, it cannot live in isolation by not adopting what other advanced countries have done in combating the effects of global warming and global climate change to the world of business.
To conclude, protecting the environment may indeed result in loss of jobs in the short run but the long-term effect would be to increase in jobs because of sustainability, thus, decision-makers must see it that way to cover the seeming lack of seriousness of protecting the environment.
References
Pascoe (2009). The carbon trading truth: it will cost jobs. Web.