Sustainability Goals vs. Competition Law: Global Trends and Challenges
Souvik Ghosh1, Subhajit Chakraborty2
1Souvik Ghosh, Assistant Professor, Xavier Law School, St. Xavier’s University, West Bengal (Kolkata), India.
2Dr. Subhajit Chakraborty, Assistant Professor, Xavier Law School, St. Xavier’s University, West Bengal (Kolkata), India.
Manuscript received on 26 September 2024 | Revised Manuscript received on 30 September 2024 | Manuscript Accepted on 15 October 2024 | Manuscript published on 30 October 2024 | PP: 14-19 | Volume-11 Issue-2, October 2024 | Retrieval Number: 100.1/ijmh.B176011021024 | DOI: 10.35940/ijmh.B1760.11021024
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The growing awareness of climate change has highlighted the need for competition law to adapt and promote sustainability. Recently, many competition authorities have been exploring ways to integrate environmental considerations into their frameworks. The significance of aligning sustainability with competition regulations has become increasingly evident. Achieving sustainability goals requires cooperation from both companies and regulators to establish and implement industrywide objectives. The United Nations’ sustainability goals and nations’ commitments to sustainability will shape future development in line with the Paris Agreement. Integrating green antitrust policies with economic progress is now a key topic of global debate among regulators. The Competition Commission of India is at a critical junctureto develop a clear competition policy that promotes sustainability and provides detailed guidance to companies on how to meet these goals. However, the path to a sustainable antitrust policy is fraught with challenges,including economic development, innovation, jurisdictional issues, and India’s internationalobligations.
Keywords: Competition, Sustainability, Globalization, Stakeholder.
Scope of the Article: Business Relationships