Carbon pricing at the Global Maritime Forum’s Summit in Hong Kong

Carbon pricing at the Global Maritime Forum’s Summit in Hong Kong

On October 3-4, 2018, the Global Maritime Forum organized its inaugural Annual Summit in Hong Kong. Opened by Chief Executive of Hong Kong, Ms Carrie Lam, the Summit focused on three topics of major relevance for the shipping industry: decarbonization, digitalization and protections. Additionally, a statement signed by 34 shipping CEOs was released calling for enhanced climate action under the International Maritime Organization, including the use of carbon pricing.

Leading the Way: Modeling Carbon Pricing

Leading the Way: Modeling Carbon Pricing

Building on the work of Smith students and faculty—as well as recommendations of the college’s Study Group on Climate Change—Breanna Parker designed a carbon pricing strategy that is part of a toolkit being distributed by the national Carbon Pricing in Higher Education Working Group.

The toolkit—developed by Smith, Yale, Swarthmore and other colleges in collaboration with Second Nature and the Carbon Pricing Leadership Coalition—includes case studies and recommendations on how colleges and universities can put a price tag on carbon emissions to demonstrate the environmental costs of specific products and technologies.

Yale’s William Nordhaus wins 2018 Nobel Prize in Economic Sciences

Yale’s William Nordhaus wins 2018 Nobel Prize in Economic Sciences

William Nordhaus has been awarded the 2018 Nobel Prize in Economics.  Nordhaus, now Sterling Professor of Economics at Yale, suggested incorporating into economic models the costs of carbon dioxide emissions as early as 1975.  He developed influential models to analyze the costs and benefits of reducing greenhouse gas emissions.  His work provided a basis for the United States’ Federal estimate of the social cost of carbon initiated under President George W. Bush and completed under President Obama.  Social cost of carbon estimates are now used by governments around the world and Nordhaus’s DICE model is at the core of much of the IPCC’s analysis on benefits and costs.  In 2014, Professor Nordhaus led the development of Yale’s carbon charge, an internal revenue-neutral carbon pricing system that covers about 70% of the university’s building-related emissions.

IFC Press Release: IFC Becomes First Development Institution to Make TCFD Disclosure on Climate Risk

 IFC Press Release: IFC Becomes First Development Institution to Make TCFD Disclosure on Climate Risk

IFC, a member of the World Bank Group, has become the first multilateral development institution to disclose climate-related risk under the guidelines of the Task Force on Climate-related Financial Disclosure (TCFD), joining a number of entities that are taking steps to identify and mitigate climate-related financial risk. The disclosure, made in IFC’s 2018 Annual Report, signals a growing momentum for climate-related disclosures. 

Latin America and Caribbean Climate Week Set to Galvanize Regional Climate Action

Latin America and Caribbean Climate Week Set to Galvanize Regional Climate Action

Today, the full agenda has been released for the Latin America and Caribbean Climate Week 2018 (LACCW2018), which is being convened from 20–23 August in Montevideo, Uruguay.

The event – which lands three weeks ahead of both the Global Climate Action Summit in California and New York Climate Week – will be instrumental in demonstrating that there is genuine international support for stepping-up climate action by mobilizing actors across the Latin America & Caribbean region.

Canadian Company Partners to Carbon Pricing Leadership Coalition (CPLC) Share Their Leadership Developing Climate Change Strategies

 Canadian Company Partners to Carbon Pricing Leadership Coalition (CPLC) Share Their Leadership Developing Climate Change Strategies

Canada, March 15, 2018 — Canadian companies, partners in the Carbon Pricing Leadership Coalition, came together to share their past experiences and lessons learned around carbon pricing implementation in the The Role of Carbon Pricing in a Low-Carbon Transition report. Presenting a collective of companies from various sectors, the report includes best practices for the private sector making the transition to a low-carbon economy and some recommendations for the continued development of carbon policies in coming months.

Global Climate Action Summit Leader Anand Mahindra Issues New Climate Challenge to Corporations

Global Climate Action Summit Leader Anand Mahindra Issues  New Climate Challenge to Corporations

ECONOMISTS have long argued that the most efficient way to curb global warming is to put a price on the greenhouse-gas emissions that cause it. A total of 41 OECD and G20 governments have announced either a carbon tax or a cap-and-trade scheme, or both. Add state and local schemes, and they cover 15% of the world’s emissions, up from 4% in 2010. Voters concerned about climate change are egging them on. So, too, are corporate bosses. More firms are imposing such pricing on themselves, even in places where policymakers are dragging their feet.

Companies are moving faster than many governments on carbon pricing

Companies are moving faster than many governments on carbon pricing

ECONOMISTS have long argued that the most efficient way to curb global warming is to put a price on the greenhouse-gas emissions that cause it. A total of 41 OECD and G20 governments have announced either a carbon tax or a cap-and-trade scheme, or both. Add state and local schemes, and they cover 15% of the world’s emissions, up from 4% in 2010. Voters concerned about climate change are egging them on. So, too, are corporate bosses. More firms are imposing such pricing on themselves, even in places where policymakers are dragging their feet.