More than 1,200 companies worldwide have implemented an internal price on carbon as a business practice and are achieving cost savings and emission reductions as a result.
Well-known brands Microsoft, Disney, Shell, and Unilever are incorporating carbon pricing into their business models. Some companies apply a carbon fee directly to their normal business activity, generating revenue to support projects that help meet internal greenhouse gas reduction goals. Others apply a “shadow price” as a risk assessment tool for operating profitably within carbon-constrained markets.
The Put a Price On It DC campaign is encouraging the DC government to create a carbon price for businesses in the District. Join our discussion on the economic implications of carbon pricing, how it will affect businesses, institutions and other players and what they can do to best advantage themselves.
This month’s speaker – Camila Thorndike, Carbon Pricing Coordinator at Chesapeake Climate Action Network:
Camila Thorndike leads the D.C. team for the Chesapeake Climate Action Network (CCAN), an award-winning climate and clean energy organization with a 15 year history of passing landmark policy in D.C., Virginia and Maryland. Camila coordinates a coalition of over 40 groups in the Put a Price on It DC campaign that is catapulting the District of Columbia to the forefront of smart climate leadership nationwide. She is the co-founder of Our Climate, an advocacy organization active in 17 states, and is a Udall Scholar, Sitka Fellow, and listed on the Mic50 and Grist 50.
Lack of national project-based financing represents one of the primary global barriers to energy efficiency. Drawing on her experience at the Asian Development Bank and the World Bank, Ms. Madeleine Varkay, Principal Private Sector Development Specialist, will discuss how upgrading regulatory frameworks can enable long-term investments in infrastructure and industries such as clean energy. She will examine the case study of ADB’s recent partnership with Indonesia Eximbank, which pioneered an attractive energy efficiency financing program for export-oriented industrial enterprises.More Details
Next month, leaders from around the world and climate change specialists will meet in Germany to negotiate specific actions and frameworks to limit greenhouse gas emissions under the 2015 Paris Agreement. In its Fifth Assessment Report, the Intergovernmental Panel on Climate Change (IPCC) determined that there is a need to reach global carbon neutrality (“net decarbonization”) between 2055 and 2070 in order to keep the global temperature from warming more than 2 degrees.More Details