Michigan businesses may need to prepare for new energy regulations in 2016

Dec 30, 2015

Credit user Bernt Rostad / flickr

After the Paris climate agreement, it looks like 2016 could be a big year for new climate change and energy policies in the U.S.

And if Michigan businesses haven't already started preparing for new energy markets and a changing climate, they'll need to soon, says Andrew Hoffman, Professor of Sustainable Enterprise at the University of Michigan’s Ross School of Business.

"Any business who hasn't been looking at least at, where are our greenhouse gas emissions coming from? What will it cost to reduce them? Where will it be cheapest, where will it be most expensive?"

Hoffman says a number of Michigan's biggest companies are already grappling with what climate change means for them, and how to adapt to more energy-conscious market, from auto makers, to furniture manufacturers, to Whirlpool and Nestle's bottled water facilities.