At the 2014 United Nations Climate Summit, political and corporate leaders endorsed carbon pricing as a cornerstone of effective climate change mitigation. Today over 60 national and subnational jurisdictions currently regulate 13% of global emissions with carbon pricing policies, setting the stage for the implementation of the Paris Agreement.
Governments, businesses, and academic institutions are thinking about creative ways to put a price on carbon, as a “means to an end” - which goes beyond driving down greenhouse gas emissions and supports a global transition to a sustainable economy.
Internal carbon pricing has been gaining momentum recently, with over 1,000 companies reporting the use of a carbon price in their operations, or plans to do so by 2017. Executives are seeing carbon pricing as a key opportunity to advance corporate responsibility, as well as a powerful financial tool for managing risk, identifying revenue opportunities from low-carbon investment, and sending a signal to policymakers.
The private sector is at a tipping point and has a momentous opportunity to take the lead on carbon pricing. But what does it take to convince an executive team and operationalize a price? What companies are shedding light on the carbon pricing pathway? How does industry apply lessons--from success and failure--to improve and expand the state of carbon pricing beyond the business arena?
Yale University is the first university in the world to introduce an internal carbon pricing scheme, and the first academic partner of the Carbon Pricing Leadership Coalition. Building on its first-hand experience of implementing a carbon charge on campus, Yale is looking to engage others on this topic and support the exchange of best practices.
In collaboration with the Carbon Pricing Leadership Coalition, Yale University and the World Economic Forum are hosting a series of live, interactive webcasts on Internal Carbon Pricing, featuring executives and practitioners from companies pushing the envelope on carbon pricing.
This webinar series aims to use leading edge examples to facilitate and stimulate an open dialogue around best practices, aimed at a global audience of business leaders, policy makers, and academic experts.
Watch this space for upcoming webinars, recordings of past webinars, and feature articles.