Why business no longer fears carbon pricing

By Barbara Grady, GreenBiz.

Despite all the shouting in Congress about how constraining carbon emissions could harm business and jobs, an interesting call emerged from the business community in recent months: They're asking for policies that reflect the cost or price of emitting carbon.

A price on carbon would add certainty to decisions around cutting emissions and unleash more investment into the low-carbon economy, experts say. Hundreds of companies already have made that calculus privately.

CDP reported during the U.N. climate talks in December that more than 1,000 companies disclosed in their 2015 reports to CDP that they either have implemented a price on carbon for internal decision making and communications to stakeholders, or they plan to do so in the next two years. CDP called this (PDF) "a number that was unthinkable just a few years ago."