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Companies have a major responsibility to reduce emissions and to adapt their business models to meet the challenge of keeping the global average temperature rises to no more than 2°C. Many companies are already taking bold climate action and are calling for ambitious climate policies. Photo © PSNH

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Website: Caring for Climate
Contact: Jayoung Park, park10@un.org

The UN Global Compact together with UNEP and UNFCCC secretariat and Caring for Climate partners – WRI, CDP, The Climate Group, UN Foundation and Principles for Responsible Investment – are calling on companies to become Carbon Pricing Champions.

The Business Leadership Criteria on Carbon Pricing of the United Nations was launched during the occasion of the UN Secretary-General’s Climate Summit in September 2014. The Leadership Criteria form one of the workstreams of the Carbon Pricing Leadership Coalition led by the World Bank Group. The initiative is promoted by CDP and the We Mean Business coalition.

The Business Leadership Criteria on Carbon Pricing is designed to inspire companies to reach the next level of climate performance and set a high bar for companies to commit. By signing up, , companies commit to align their actions with three core elements:

  • Set an internal carbon price high enough to materially affect investment decisions to drive down greenhouse gas emissions;
  • Publicly advocate the importance of carbon pricing through policy mechanisms that take into account country specific economies and policy contexts; and
  • Communicate on progress over time on the two criteria above in public corporate reports.

For more information on the initiative or to become a Carbon Pricing Champion, please visit www.caringforclimate.org/carbonpricing or contact Jayoung Park park10@un.org.

Photo credit: Larry Smith (Flickr)

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