It has escaped no one that we are facing the huge challenge of addressing global warming, climate crisis and the biosphere’s collapse, as well as the transition to phase out fossil fuels to build a sustainable next chapter of humanity.
The recap - we have in different ways used nature’s resources like water, forests, air, oceans, oil, gas, minerals almost for free and now the costs and implications are insufferable.
The market-based economy is a foundation to build huge wealth, value and extraordinary innovations, however the real costs of emitting GreenHouse Gases (GHG), polluting water and causing deforestation etc. have not been priced in.
There are NO free lunches. Current and future generations will need to pick up the bill for all the free riding polluters of the past. Creating a global price on emissions seems to be a somewhat pragmatic, effective and manageable way to address our collective challenges. A price on carbon is obviously not a solution but one tool of many as we evolve in this new chapter of transition.
This report aims to guide you, the board and management in how to start the work of understanding the impact of a carbon price on your business, what tools are at your disposal, how to choose a price as well as a glossary explaining jargon. Let’s be clear about what happens when you start paying for your emissions: additional costs, lower margins and the need for investments in innovation.
This report includes no new facts and should be seen as an executive summary of relevant thinkers, institutions like IMF and the World Bank and pioneering companies. Sustechable aims to highlight ideas, solutions and concepts on how to address transitory challenges as a business and embrace them as opportunities for the future.
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Aurore Belfrage, tech investor, economist and co-founder Sustechable.com