Increasingly, companies across sectors and geographies are turning to an internal carbon price as one tool to help them reduce carbon emissions, mitigate climate-related business risks, and identify opportunities in the transition to a low-carbon economy. Establishing a carbon price across a company can help internalize the cost of greenhouse gas emissions by assigning a monetary value to each ton emitted. The brief describes the business case for internal carbon pricing, the different internal carbon pricing approaches used by companies, and key lessons learned, including: the multiple business benefits of an internal carbon price, the importance of embedding the price in a company’s business strategy, and the benefits and challenges of different types of pricing strategies.
Read the blog.
Read the press release.
Watch the webinar with Anirban Ghosh, Chief Sustainability Officer, The Mahindra Group; Bob Stout, Vice President & Head of Regulatory Affairs, BP America; and Liz Willmott, Environmental Sustainability Program Manager, Microsoft Corporation.