As investors encourage companies to provide information on environmental risk, the number of companies that are doing so is rising. In fact, almost 1,400 major multinational companies are using
Carbon Pricing
In Microsoft’s annual internal carbon fee report the company says it’s doing something different, evolving its program to “beyond carbon neutral.”
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 »
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 »
Carbon pricing, in the form of a carbon tax or a cap-and-trade system, is used by businesses and governments all over the world to cut greenhouse gas emissions and, according to proponents, grow the economy. Critics say the opposite is true, but more on that later. Carbon pricing pushes companies … Read more »
The EPA recently announced its climate leadership awards, recognizing companies, organizations and partnerships for managing and reducing greenhouse gas emissions in internal operations and throughout the supply chain, as well as integrating climate resilience into their operating strategies. Three companies — Ingersoll Rand, Mars and Microsoft — took home organizational … Read more »
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 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 »
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 »
Carbon markets are booming, according to two new reports, and business is playing a key role. Global carbon markets’ total value increased 9 percent to €48.4 billion ($52.6 billion) in 2015, boosted by North American markets, which grew 121 percent in terms of volume and 220 percent in terms of … Read more »
The world’s 195 countries signed a historic climate agreement this weekend in Paris at COP21. And although the agreement doesn’t bind businesses to making and reporting on emissions cuts, it will require ambitious efforts by private corporations, according to COP21 attendees. “At COP 21 businesses showed they supported an ambitious … Read more »
As the COP21 climate talks continue in Paris global leaders and organizations are stepping up calls for carbon pricing. The leaders of France, Germany, Canada, Chile, Mexico and Ethiopia, as well as heads of the World Bank, International Monetary Fund and Organization of Economic Cooperation and Development say either taxing … Read more »
