Discussion Paper On Governmental Carbon-Pricing
Net-Zero Asset Owner Alliance argues for binding carbon-price corridor
Net-Zero Asset Owner Alliance calls for strengthening of carbon-pricing regulations; mechanisms to escalate binding carbon-price floor/ ceiling and suggests trebling of carbon prices by 2030 to achieve net zero, while also considering just transition.
As global asset owners in the Alliance currently responsible for 6.6 trillion US dollars on behalf of our clients and beneficiaries and jointly committed to leveraging our portfolios to limit global warming to 1.5°C, we recognise the imperative to rapidly reduce global greenhouse gas (GHG) emissions over this decade. This requires increasing mandatory regulation of emissions via a carbon-pricing mechanism in a socially responsible and internationally acceptable way.