Leaders of governments, companies and financial institutions gathered at the COP23, this Monday (13), to reflect on the development of carbon pricing in the world. The event “The Voice of Pricing Leaders to Guide Climate Action” was organized by Carbon Pricing Leadership Coalition and the role of companies was highly highlighted.
Canada's Environment Minister Catherine McKenna and DSM CEO Feike Sijbesma, both co-chairs of the CPLC, opened the event.
"For the Canadian government, the job is much easier when companies join in. We want companies to adopt the internal [carbon] price and continue to raise the flag," said Catherine McKenna.
Feike Sijbesma highlighted that the latest survey indicates that eight new pricing mechanisms emerged in 2017, but still, only 15% of global carbon emissions are covered. "I price carbon at my company at $50 per ton. For companies that don't yet, you need to prepare for the future. So start!" he advised.
CEBDS President Marina Grossi updated CPLC leaders on the progress of this agenda in Brazil and highlighted the letter released by Brazilian companies in support of pricing. Prepared by Business Initiative on Climate (IEC),IEC, the document is signed by about 25 CEOs and CFOs and advocates the establishment of a pricing mechanism appropriate to the characteristics of the economy and the country's GHG emissions profile.
A Carbon Pricing Leadership Coalition, a World Bank initiative of which CEBDS is a strategic partner, brings together 30 governments and more than 140 companies to defend the price of carbon emissions.
