If you were DuPont when the Montreal accord was announced, would you move away from CFCs early, or late, and why?
As DuPont, I would move away from CFCs early in response to the Montreal Protocol. This decision would be based on several factors:
1. Environmental responsibility: DuPont has a responsibility to the environment and reducing its impact on the ozone layer by phasing out CFCs would demonstrate its commitment to sustainability.
2. Regulatory compliance: The Montreal Protocol aimed to phase out the production and use of CFCs, so early action would ensure that DuPont is in compliance with international regulations.
3. Market advantage: Being an early mover in transitioning away from CFCs would give DuPont a competitive advantage in the market. Consumers and businesses are increasingly looking for sustainable and environmentally friendly products, so companies that adapt early are likely to see increased demand for their products.
4. Research and development opportunities: Transitioning early would also allow DuPont to invest in research and development of alternative technologies and products, positioning the company as a leader in innovation in the industry.
Overall, moving away from CFCs early would not only align with the goals of the Montreal Protocol and demonstrate environmental responsibility, but it would also provide strategic advantages for DuPont in the market.