PwC responds to call for a corporate carbon tax at COP21

Published at 15:40 PM on 20 October 2015

At an event earlier today, Veolia, the global leader in optimised resource management, called for a corporate carbon tax, set at €30 to €40 per tonne of CO2, to be implemented at COP 21.

In response, Jonathan Grant, director, PwC sustainability & climate change director, who presented at the London event, said:

“If there's any silver bullet to tackle emissions growth, it's probably carbon pricing.

“But it's not getting the attention it needs in the climate talks, despite wide-spread support from business and governments. 

“At present, 73 governments have proposed using market mechanisms to achieve their Paris targets, so there is an obvious need for common standards and the ability to link systems together. 

“If a resolution isn't reached at COP21, there is a risk that businesses will face a complex and costly patchwork of climate regulation around the world which will invariably raise concerns about competitiveness.”

 ends

 


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