Carbon Pricing As Financial Risk Management – If It Is Inclusive Enough . .
- Sep 10, 2020 12:35 am GMT
As discussed by the #NewYorkTimes (https://lnkd.in/gfAUHQg), today's report from the #CommoditiesFuturesTradingCommission #CFTC underscores need for Carbon pricing as a tool for harnessing market forces to address impending risk.
This is particularly timely in light of the #FERC announcement of an upcoming conference on Carbon pricing, which is being criticized for a lack of inclusivity. (https://lnkd.in/gJVBmen) Question as to the extent to which FERC will take notice of the CFTC’s findings - particularly that "policymakers must be sensitive to the distributional impacts of carbon pricing and other policies and ensure that the burden does not fall on low-to-moderate income households and on historically marginalized communities."
Also highlighting the need for an inclusive approach, new research later this week from #ACEEE is expected to demonstrate that #lowincome households, as well as #Black, #Hispanic, and #NativeAmerican households, pay a disproportionately larger share of their income on energy bills as compared to the average household.
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