Regulatory carbon pricing imposed by governments ensures that private organisations are responsible for the environmental costs of their carbon emissions. However, we cannot rely on regulatory carbon pricing alone to make the serious carbon reductions needed to limit global warming to 1.5°C above pre-industrial levels.
Organisations can complement regulatory, reactive mechanisms with voluntary, proactive mechanisms such as internal carbon pricing. Setting an internal carbon price can guide procurement purchasing decisions, change internal behaviour and engage the wider business on climate change issues.
Download this factsheet to learn: