How a Voluntary Carbon Fee is Helping Microsoft and the Planet
At the UN Climate Change Conference in Paris (COP21) this past December, 196 nations reached a global climate deal that sent a strong signal to the world--now is the time to prepare for the low-carbon economy of the future. That was a hard-won agreement, but now the harder work begins. How will governments and the private sector take action to decrease emissions? And perhaps more critically, how will they do so at a pace sufficient to meet the goal of keeping global temperature rise well below 2 degrees Celsius?
Pricing carbon: an opportunity for business
While it may be some time before there is a legislative proposal to establish a price on carbon in the United States, tracking carbon emissions and then putting a price on carbon has increasingly emerged as a way to act, and do so quickly. Already, at least 40 governments and 23 cities, states and regions around the world have adopted carbon pricing mechanisms or are planning to implement them. And according to CDP, more than 1,000 companies already price their carbon emissions or intend to in the next two years.
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