[MCN] Harvard Business Review: Swallow hard, and raise the price of carbon

[Lance Olsen]

#3. Swallow hard — and raise the price of carbon. If we are to meet climate pledges made under the Paris climate agreement, the cost of emitting carbon dioxide must rise to $50–$100 per ton by 2030, dramatically higher than the current EU price of less than $6. This was the conclusion <https://www.reuters.com/article/us-climatechange-carbon-prices/global-carbon-prices-must-soar-to-meet-paris-climate-target-report-idUSKBN18P0PN> of the Commission on Carbon Prices, a group of leading economists supported by the World Bank. Supporting the call for a worldwide carbon pricing scheme is a group of more than 200 businesses and governments, including oil majors Shell and BP.

https://hbr.org/2018/01/climate-change-is-an-overwhelming-problem-here-are-4-things-executives-can-do-today <https://hbr.org/2018/01/climate-change-is-an-overwhelming-problem-here-are-4-things-executives-can-do-today>


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"First, money managers should review their institution's proxy-voting guidelines and policies to ensure support for relevant shareholder resolutions on water risk, while asset owners should ensure their fund managers act on those guidelines.

"Second, investors can support efforts to increase and standardize disclosure on food-sector water risk, whether by engaging directly with portfolio companies, joining investor collaborations such as Ceres Investor Water Hub or supporting market-level disclosure platforms such as SASB, the Global Reporting Initiative and the water questionnaire of CDP (formerly the Carbon Disclosure Project) among others.

"Third, investors can directly engage with poorly performing companies on performance improvement.

"Let this season's hurricanes serve as a wake-up call.”

http://www.pionline.com/article/20170927/ONLINE/170929910/commentary-in-a-changing-world-investors-must-cut-exposure-to-water-risk <http://www.pionline.com/article/20170927/ONLINE/170929910/commentary-in-a-changing-world-investors-must-cut-exposure-to-water-risk>
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“Although we are only at an early stage in the projected trends of global warming, 
ecological responses to recent climate change are already clearly visible.”

Walther et al. Ecological responses to recent climate change. 
Nature, March 28, 2002

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"A surprising result is the high proportion of species responding to recent, relatively 
mild climate change (global average warming of 0.6 C)."

Camille Parmesan. Ecological and Evolutionary Responses to Recent Climate Change.
Annual Review of Ecology Evolution & Systematics  2006

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