Corporate Shadow Carbon Pricing
As Grist reports, it often surprises people to hear that big companies like Exxon use a “shadow carbon price” when assessing future investment opportunities (in other words, they assume a price on carbon even where/when there isn’t one). After all, if you only pay attention to the headlines, it sounds like the big story on climate change is that nobody’s doing anything and we’re all doomed. Why would Exxon think carbon will be priced any time soon?
Well, it turns out that carbon is getting priced, not in the big, dramatic, simple way climate hawks would prefer, but incrementally, piecemeal, country-by-country, region-by-region, and in a way that’s starting to add up.
The always-excellent folks at the Sightline Institute have done the world a favor by pulling all the world’s carbon pricing systems into one place. Here’s their awesome animated map:
