by Senni | Nov 19, 2021 | Uncategorized
COP26 in Glasgow has recently been finalised. Climate Leadership Coalition, Haga Initiative and Skift – Business Climate Leaders analyse the developments in carbon pricing. Ahead of COP, Call on Carbon sent an open letter signed by the signatories of our Call on...“To put a price on carbon emissions is one of the most important issues to combat climate change, and EU-ETS is really setting a great example.”
“Climate change is one of the biggest challenges of our time. The Volvo Group is determined to fulfil our commitment to the goals of the Paris Agreement and lead our industry in the transformation towards net-zero greenhouse gas emissions by 2040. For this to happen, we need comprehensive carbon pricing which drives the deployment of zero emission trucks, buses and machines, and adequately reflects the total costs of CO2 emissions. Science and manufacturers agree that the price of carbon must increase to much higher levels than today if we want to shift the sector – and indeed the world – to carbon-neutrality.”
“Clock is ticking and there is no time to waste. Let’s make sure we collaborate cross borders, companies and between companies and governments to incentivise change that supports a net-zero future. All of us need to do our part, now.”
“Husqvarna Group has a stated ambition to lead our industry in the shift to low-carbon solutions. We are using our voice to encourage fit-for-purpose carbon pricing instruments that will shape markets for alternative energy solutions. As a global company, we want to see that these pricing frameworks are aligned globally.”
“We´ve shown that it´s possible to actually make fossil-free steel, and that we can help our customers reduce their environmental footprint. Hopefully we´ll inspire others to make a faster transition and encourage decision-makers to take the necessary decisions. To succeed, all good forces need to act together; corporates, society and scientists.”
“We need an ambitious, effective, comprehensive SDG-type, broadly supported and committed trajectory towards net zero emissions, zero waste, zero inequality for 2050.”
“NCE Maritime CleanTech with its 150 partners from the Norwegian maritime cluster call for a carbon tax that will accelerate the transition to a green and sustainable shipping industry.”
“The 2020s will be a very significant decade. Mitigating climate change is truly a must-win battle that will lead to
radical changes in energy systems, material consumption, technologies and everything else.
There is a need for determined policy measures to ensure that sustainable choices are also financially attractive.”
“Carbon pricing is an important tool that calls for a wide implementation. It would lead the world towards reduced emissions and stimulate businesses with low carbon solutions.”
“Adequate carbon pricing is the number one instrument to incentivise all economic actors to act in the right direction.”
“Companies taking climate change seriously do not only focus on decreasing their own emissions but are also calling on political measures.”
“The climate crisis is the most important and urgent issue for this generation. By acting quickly, we can avoid the worst consequences. Reducing emissions by all means must be the starting point for all action.”
“The energy transition is not an expensive necessity; it’s a business and societal opportunity that will make our lives better.”
“Carbon pricing and market mechanisms will allow industry to provide innovation and investments to help combat climate change.”
“Oceans cover 71% of this blue planet, they provide more than 90% of the natural carbon management of our world, and yet are largely ignored by climate markets. Restoring oceans to historic levels of health and productivity can relieve the majority of industrial age carbon climate change impacts.”
“CMI is an independent industry association for over 100 Australian, NZ and multinational companies leading the transition to net-zero emissions. Valuing carbon reduction through carbon markets and pricing is critical to realising the opportunities in this urgent transition and to minimise the spiralling costs of the growing climate crisis.”
“Call on Carbon is a critical and timely initiative that the Zero Carbon Campaign is proud to support. It is no longer enough to place low and inconsistent carbon prices across pockets of our economies and claim that this supports the ‘polluter pays’ principle. We will not achieve the objectives of the Paris Agreement without robust, long-term pricing signals that can catalyse economy-wide investment in the low-carbon future, whilst protecting the least able-to-pay from bearing the brunt of transition costs.”
“Carbon pricing could create the needed incentives for the land-owners to increase carbon sequestration. Any carbon trading scheme shall be built on credible data on carbon flows conditional on alternative agricultural and forestry management practices.”
”A novel carbon market is key for the long-term viability, effective climate change mitigation and for the providing additional economic perspectives in farming livelihoods”
“Only with a price on carbon will we be able to create the right incentives for reducing emissions to levels that are sustainable long-term.”
“Reducing emissions is crucial, but we can and must go even further. The goals of the Paris Agreement are based on the phasing out of fossil emissions but also that negative emissions compensate for the emissions that will be difficult to reduce. Negative emissions are necessary and we need to start working on creating them today. Today we at Stockholm Exergi produce energy that is 99 % based on recycled or renewable energy. Our new goal is to create negative emissions that are significantly larger than our climate footprint, along the entire value chain, by introducing CCS in our existing bio-CHP. While a steady increase in the cost of fossil emissions is necessary and in accordance with the polluter pays principle, it is of the utmost importance that that negative emissions can be financed. It must start with a demand by both nations and businesses.”
“At ICC, we are resolute that climate change must be everyone’s business if we are to protect the lives and livelihoods of the billions affected globally. The Call on Carbon highlights the significant potential in business and government collaborating to enable effective carbon pricing that drives much-needed investment into climate solutions and sustainability.”
“It needs to cost something to pollute, in order to incentivize those who invest for a cleaner future.”
“Carbon pricing is a prerequisite for creating carbon sinks, increasing the profitability of investments in globally scalable P2X production, as well as providing necessary funds to support climate actions in developing countries.”
“For effective regulation of the shipping sector, member states should support carbon pricing to be implemented in the regulations of the International Maritime Organization, IMO.”
“Last year was a turning point: for the first time, all the major economic powers; the EU, the US and China committed to the goals of carbon neutrality by the middle of the century. In this new situation we need carbon pricing to ensure robust and market-based implementation.Finnish businesses want to take the lead in solving the climate challenge. Building a carbon-neutral economy is first and foremost a massive investment challenge.”
“Greening our economies as we build back after Covid is the only opportunity we have left to create a sustainable and inclusive world for all. Decarbonising our business models is turning into one of the biggest business opportunities that fully match societal needs.”
“The climate crisis is one of the biggest challenges of our times, and it is already impacting people and nature on an unprecedented scale. In order to tackle the crisis, we need to utilize every single solution and work together across businesses and governments. We at Neste support and call for effective, robust, reliable and fit-for-purpose carbon pricing instruments, which will facilitate a cost-efficient investment path to reaching net zero targets.”
“Corporates, governments and investors need to cooperate to speed up the transition to a net-zero economy. Governments need to ensure that the price on carbon supports the transition to net-zero emissions.”
“We are in a climate crisis. If we don’t do enough, our whole civilisation is threatened. As businesses we are a part of the world and need to help protect it.”
“Our goal to reach carbon emissions close to zero by the end of 2030 makes it important to cooperate within the industry to accelerate the transformation. We need carbon pricing as a key tool to accomplish necessary innovations.”
“Effective and aligned carbon pricing across countries and industries is a necessity in the fight to reduce climate change.”
“The climate crisis cannot wait. The world needs a rapid increase in carbon neutral materials and circular products. There is an urgent need for extensive investments in innovation and new infrastructure. These investments are currently being held back, which can only be solved by pricing carbon at higher rates than today – and by covering a much larger share of emissions.”
“In POW we have argued for years, that the only real driving force for the shift the world needs exists in pricing carbon at level that reflects the damage that it does. Only this, in combination with just transition.”
“We need businesses and governments to work together to achieve the goals of the Paris Agreement. Predictable and widely used carbon price is a key instrument to accelerate investments to reach carbon-neutrality. Climate transformation offers major business opportunities through for example green infrastructure financing boosting economic growth. The market growth in sustainable finance has been encouraging, but we need global standards and metrics”
“A new global fiscal policy is required to accelerate the world’s transition towards sustainability, based on the principle “tax what you burn not (so much) what you earn”.”
A high quota price is the key to saving the planet.
“The world needs to move away from oil and coal. Sustainable forestry can provide alternatives and substitution provides opportunities both from social, environmental and economic perspectives.”
“Carbon pricing is a vital element in ramping up the investments needed. We call the EU, China, and the USA to lead a world-wide effort on carbon price development, supported by the like-minded countries.” More information here.
“Climate transition would be 100X easier with a reliable carbon price corridor among EU, US, China and other like-minded countries.”
“Climate change requires global solutions and increased investments. Extensive carbon pricing supports better investment allocations and innovative market solutions for required changes.”
“There is a wide variety of climate policy tools. Predictable and effective carbon price is the
most important of them. It will reward low-carbon solutions and penalize the emitters.
Currently the use of carbon price is not on the satisfactory level. We need rapid
improvements in this area to get a ramp-up for the low-carbon investments”
”Effective carbon pricing will drive innovation and investing for carbon-neutral technologies. We need to turn the turbulence of the 2020s into sustainable growth together. At VTT we are committed to bring solutions to the climate crisis.”