- Sep 14, 2020 3:55 pm GMT
Google and other corporate buyers are committing to carbon free energy goals for their operations. This seems like a noble goal to actively address climate change, which deserves public recognition and support, IMO. I also wonder, could this move by Google also be a strategic business decision to hedge against paying carbon pricing/taxes? If so, this would be a terrific hedge against paying higher energy prices that would certainly accompany all use of fossil fuels, because this would enable a Company to prove they consume only carbon-free energy, and therefore are not subject to carbon taxes. It would seem that corporate/industrial buyers would be well advised to follow Google's lead and hedge against the prospects of paying higher energy prices by securing long-term green energy contracts, and avoid carbon pricing taxes, which may arrive on your doorstep in the near future.
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