Executive Briefings

Thousand Businesses Reportedly Either Price Their Carbon Emissions or Plan To

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.

Carbon pricing pushes companies to invest in low-carbon business models and creates strong markets for low-carbon goods and services. More than 1,000 businesses currently price their carbon emissions - or intend to in the next two years - to try to meet their climate change risks, according to climate disclosures provided to CDP. Proponents say it's good for the environment and good for business. Microsoft, for example, says its carbon fee not only helped it achieve carbon neutrality, but it also saves the company more than $10m per year.

Additionally, about 40 countries and more than 20 cities, states and regions have put a price on carbon, according to We Mean Business, a coalition of environmental sustainability organizations such as CDP and Ceres working with investors and businesses, including Ikea, Starbucks, Nike, HP and Unilever.

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Carbon pricing pushes companies to invest in low-carbon business models and creates strong markets for low-carbon goods and services. More than 1,000 businesses currently price their carbon emissions - or intend to in the next two years - to try to meet their climate change risks, according to climate disclosures provided to CDP. Proponents say it's good for the environment and good for business. Microsoft, for example, says its carbon fee not only helped it achieve carbon neutrality, but it also saves the company more than $10m per year.

Additionally, about 40 countries and more than 20 cities, states and regions have put a price on carbon, according to We Mean Business, a coalition of environmental sustainability organizations such as CDP and Ceres working with investors and businesses, including Ikea, Starbucks, Nike, HP and Unilever.

Read Full Article