Sustainable operations management and climate change issues across the globe

Abstract

Sustainable operations management is an ever-developing field: The process of making operations management truly sustainable can never have a well-defined endpoint because it is a continuous process. The widespread concern over global warming puts pressure on companies to reduce carbon emissions and become green. The global development to biodiversity, ecosystem, climate condition, environment, ecology, etc., today, the world is heavily burdened with high carbon emissions and environmental pollution. Global warming has been a reality since the 1800s. Therefore, we have to address the climate change issues first. Finland was the first country in the world to adopt a carbon tax, and Germany adopted a feed-in-tariff law to subsidize the generation of renewable energy. Subsequent carbon taxes were adopted in Norway (1991), Sweden (1991), Denmark (1992), Ireland (2008), Japan (2012), France (2014), and Canada (2018). A few developed countries have imposed tax on carbon emission. For example, headline carbon tax rates are $139 per tonne of carbon dioxide (CO2) in Sweden, $55 in France, $29 in Denmark, and $3 in Japan. Therefore, all countries across the world must ensure the reduction of carbon emissions to zero by 2050. In Bangladesh, we need to establish an institution immediately. The ratio of large three to employee in a green factory shall be (1.38:1). Through semi-structured interviews with green factory experts, I have found that green factories, green technology, green production process, clean air, clean energy, green banking, sustainable financing are urgently required for ensuring sustainable operations management in Bangladesh.