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21 Sep 2017

Global firms use carbon pricing to reduce emissions, analyze investments, and evaluate risk & opportunities of low-carbon economy

An internal carbon price is increasingly being used by companies across sectors and geographies to translate the risks and opportunities of a low-carbon economy into business decisions. Approximately 1,200 businesses from around the world are either pursuing internal carbon pricing or preparing to do so soon—up 23 percent from 2015. Firms are attempting to grapple with costs of transitioning to more renewable sources of energy, including the cost of implementing those energy sources and the potential damage to their corporate reputations by not transitioning soon or comprehensively enough.

(Refers to: Disney, General Motors, Shell, Microsoft, Rio Tinto, BP, BHP Billiton, Unilever, Mahindra & Mahindra)