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USA: Global firms use carbon price as incentives to reduce emissions

Author: Matthew Renda, Courthouse News Services, Published on: 13 September 2017

"With Government Silent, Corporations Price Emissions to Help Fight Climate Change", 13 September 2017

Approximately 1,200 businesses from around the world – including Disney, General Motors and ... Shell – are using various iterations of a carbon price to help contain emissions, analyze investments, reduce risks related to climate change and identify opportunities as the transition to a low-carbon economy moves forward. The business trend is documented by the Center for Climate and Energy Solutions, a Washington-based think tank ... The study argues that chief executives are eager to at least understand the cost of carbon emissions and in some cases take drastic steps to reduce such emissions, with or without leadership from the public sector. ... Some experts believe corporations are voluntarily submitting to carbon fees, shadow pricing and other methods of cost analysis because the scientific consensus on climate change necessitates adaptation to its inevitability.

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

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Related companies: BHP (formerly BHP Billiton) BP Disney (see Walt Disney) General Motors Microsoft Rio Tinto Shell Unilever