Skift - Business Climate Leaders, launched a campaign in Norway in january calling on business leaders to support an increased price on carbon emissions in Norway, as proposed by the Norwegian government.
As a next step forward, we have teamed up with Climate Leadership Coalition in Finland, and Haga Initiative in Sweden. Together we are launching an initiative to ramp up climate investments and effective carbon pricing globally.
The initiative is also supported by Corporate Leaders Group, BCSD Portugal and CER – Sustainable Business Network Slovenia
Today, only a quarter of global greenhouse gas emissions are covered by carbon pricing initiatives, and a fraction of those are within the recommended range for the Paris agreement. Direct fossil fuel subsidies are a tenfold higher and the indirect costs of fossil combustion and the impacts magnified by climate change a hundred times bigger than the revenues raised by the carbon pricing.
We now need a step change. We are only one investment cycle away from 2050 and this is likely to be the last chance to get the policies right. We urge countries to act on this during this year 2021. This would support COP26 in Glasgow and make it a true game changer.
The signatories call for countries to:
- back their net zero targets with Paris Agreement consistent effective, robust, reliable and fit-for-purpose carbon pricing instruments which will facilitate a cost-efficient investment path to reach net zero,
- align their carbon pricing instruments where appropriate between countries to create a stable and predictable investment environment and
- finalize the rules for the international market mechanism under Article 6 of the Paris Agreement to support cost-effective mitigation efforts, create a level playing field and minimize carbon leakage, while enabling greater ambition.
An increased price on emissions is one of the top three priorities of Skift, together with stronger frameworks for emission-reporting and the implementation of forceful sustainability measures in all procurement policies, both private and public.
Climate Leadership Coalition
Jouni Keronen, CEO, firstname.lastname@example.org +358504534881
Senni Raunio, Coordinator, email@example.com +358503512390
Nina Ekelund, Executive Director, firstname.lastname@example.org +46735022464
Deniz Butros, Strategist, email@example.com +46764271580
Skift - Business Climate Leaders
Bjørn K. Haugland, CEO, firstname.lastname@example.org +4797687315
Mathias Johnsen, Communications, email@example.com +4799425 998