Corporations brace for carbon tax

Big Business Ponders a Low-Carbon Diet.

by Stephen Leahy

Stephen LeahyWith a tax on carbon emissions appearing to be inevitable, some of the world's largest corporations will be asking their suppliers to report on their carbon emissions as part of future reduction efforts.

"Investors are demanding that companies know what their carbon emissions are and consumers want companies to be green," said Paul Dickinson, CEO of the Carbon Disclosure Project (CDP), an independent not-for-profit organisation in Britain that is coordinating the effort.

"A global price for carbon is coming and we are helping companies to prepare to operate in a carbon-constrained world," Dickinson told IPS.

Emissions from burning fossil fuels like coal, gas and oil are causing climate change, which is resulting in billions of dollars of damages and losses due to more intense storms, rising temperatures, increased flooding and so on. Many economists and policy experts recognise that unless emitters are forced to pay a high price for their carbon emissions, most will not change the way they operate. Continue reading on the Gaianicity website, then return to post a comment.