Crisis and opportunity: Transforming climate governance for SMEs

Small and medium-sized enterprises (SMEs) are key actors in climate change mitigation and adaptation. Their aggregate emissions are significant, and they are disproportionately affected by climate impacts, including extreme weather events. SMEs also play a vital role in shaping the environmental beh...

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Main Authors: Hampton, S, Blundel, R, Eadson, W, Northall, P, Sugar, K
Format: Journal article
Language:English
Published: Elsevier 2023
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author Hampton, S
Blundel, R
Eadson, W
Northall, P
Sugar, K
author_facet Hampton, S
Blundel, R
Eadson, W
Northall, P
Sugar, K
author_sort Hampton, S
collection OXFORD
description Small and medium-sized enterprises (SMEs) are key actors in climate change mitigation and adaptation. Their aggregate emissions are significant, and they are disproportionately affected by climate impacts, including extreme weather events. SMEs also play a vital role in shaping the environmental behaviours of individuals, communities, and other businesses. However, these organisations have been largely neglected by climate policies across all levels of government. A series of global crises, including the COVID-19 pandemic, war in Europe and the Middle East, and energy price spikes, have posed an existential threat to millions of SMEs, while also acting as a catalyst for the reconfiguration of the social contract between business, society and the state, both temporary and more long-term. In this article, we make the case for increased focus on the governance of SME decarbonisation to address this turbulent context. We outline key challenges facing public policymakers and other governance actors, compare strategic options, identify evidence gaps that hinder effective interventions, and highlight implications for research. In doing so we set out key elements of a renewed social contract for business, society and state relations.
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spelling oxford-uuid:6228b88e-7645-4bfd-81e5-13df0a9eae202023-08-24T15:12:08ZCrisis and opportunity: Transforming climate governance for SMEsJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:6228b88e-7645-4bfd-81e5-13df0a9eae20EnglishSymplectic ElementsElsevier2023Hampton, SBlundel, REadson, WNorthall, PSugar, KSmall and medium-sized enterprises (SMEs) are key actors in climate change mitigation and adaptation. Their aggregate emissions are significant, and they are disproportionately affected by climate impacts, including extreme weather events. SMEs also play a vital role in shaping the environmental behaviours of individuals, communities, and other businesses. However, these organisations have been largely neglected by climate policies across all levels of government. A series of global crises, including the COVID-19 pandemic, war in Europe and the Middle East, and energy price spikes, have posed an existential threat to millions of SMEs, while also acting as a catalyst for the reconfiguration of the social contract between business, society and the state, both temporary and more long-term. In this article, we make the case for increased focus on the governance of SME decarbonisation to address this turbulent context. We outline key challenges facing public policymakers and other governance actors, compare strategic options, identify evidence gaps that hinder effective interventions, and highlight implications for research. In doing so we set out key elements of a renewed social contract for business, society and state relations.
spellingShingle Hampton, S
Blundel, R
Eadson, W
Northall, P
Sugar, K
Crisis and opportunity: Transforming climate governance for SMEs
title Crisis and opportunity: Transforming climate governance for SMEs
title_full Crisis and opportunity: Transforming climate governance for SMEs
title_fullStr Crisis and opportunity: Transforming climate governance for SMEs
title_full_unstemmed Crisis and opportunity: Transforming climate governance for SMEs
title_short Crisis and opportunity: Transforming climate governance for SMEs
title_sort crisis and opportunity transforming climate governance for smes
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