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How Major Multi-Nationals Cut Emissions, Save Money by Embedding Carbon Pricing into Business Strategies

How Major Multi-Nationals Cut Emissions, Save Money by Embedding Carbon Pricing into Business Strategies

Global environmental services company Suez uses an internal carbon price to drive investment in low-carbon technologies such as energy-efficient water pumps. Meanwhile IT giant Microsoft used its carbon fee fund to support, among other low-carbon projects. The fee, paid by business units across the company, funds internal efficiency upgrades, power … Read more »

Will RGGI Double Down on Carbon Cuts?

Will RGGI Double Down on Carbon Cuts?

Carbon pricing, the bogeyman of climate-change mitigation, still inspires terror in some US corporate executives and politicians, despite support from global businesses and governments. Opponents argue carbon pricing will cause electricity prices to skyrocket and make businesses less competitive. But when it comes to reducing greenhouse gas emissions, it works … Read more »

Can Free Enterprise Help Manufacturers Reduce Their Carbon Releases?

Can Free Enterprise Help Manufacturers Reduce Their Carbon Releases?

The Regional Greenhouse Gas Initiative says that its participating members have reduced their heat-trapping emissions by at least 40 percent since 2005.

Earth Day Planted Seeds for Action on Climate. Is a Carbon Tax a Good Idea?

During the Earth Day festivities, President Obama once again reiterated the United States’ commitment to reducing carbon emissions. But he went beyond his initial pledges of cutting such emissions by 28 percent by 2025 from 2005 levels and to 80 percent by 2050 from the same baseline. How to achieve … Read more »

industrial plant emissions

Washington State Considers First Carbon Tax in US

Washington state is considering the first carbon tax in the US, which would require energy-intensive manufacturing operations — steel mills and food processers, natural gas power plants, refineries that use fossil fuels, and others — to pay $25 per metric ton of carbon emissions released. Proponents of the bill say … Read more »

BP logo

BP Chief Urges Global Carbon Price

BP chief executive Bob Dudley this week called on governments to adopt carbon pricing mechanisms to address climate change. “Carbon pricing incentivizes all aspects of the transition to a lower carbon economy and around 40 countries already have some pricing mechanism — whether that’s a tax on emissions or a … Read more »

industrial plant emissions

Will New Analysis Raise US Business Support for Carbon Pricing Policy?

As global companies increasingly rally behind putting a price on carbon, new analysis from the World Resources Institute finds a carbon price — either a carbon tax or cap-and-trade program — would reduce emissions even more than the US Energy Information Administration has predicted. In WRI’s new issue brief, Putting … Read more »

Paris

COP 21: Climate Deal Expected Tomorrow, Businesses Lobby for Preamble Inclusion

A climate deal at COP21 is expected tomorrow as negotiators have extended the climate talks, which were supposed to end today, at least one day longer. The business community, which wants an explicit reference to the private sector in the preamble to the climate deal and support for carbon markets, … Read more »

global business EL

Global CEOs Urge ‘Ambitious Climate Deal’ at COP21

CEOs from 78 global companies — including PepsiCo, Dow Chemical, Nestlé, Unilever, and Accenture — are urging governments to work with them to co-design climate solutions ahead of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP21) in Paris. The conference will see the leaders … Read more »

Top Mining Companies Risk $10 Billion in Earnings from Carbon Price

Top Mining Companies Risk $10 Billion in Earnings from Carbon Price

The world’s largest mining companies face a collective $10 billion risk if global carbon pricing tightens following the COP21 Paris climate talks, which begin next week, according to report from CDP. The 11 ranked companies in the report account for around 85 percent of mining emissions. A $10 billion risk … Read more »