In this whitepaper produced by TWS in partnership with CIPS Download, a fundamental economic tool to reduce greenhouse gas emissions is explored.
Many companies have installed (or are considering) internal carbon pricing (ICP) mechanisms. The principle of ICP is to assign a monetary value to the emissions in tonnes of CO2 equivalents (tCO2e) of certain business units.
This could be applied to the emissions caused by consumed energy, business travel or, most significantly, to the indirect emissions caused by purchased goods & services – which usually make up the majority of a company’s carbon footprint.
An internal carbon price reflects the company’s willingness to pay for carbon reductions. Read this whitepaper in association with TWS where all aspects of carbon pricing and a green future is examined.
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