The Number Of Companies Weaning Off Carbon Is Surging

[eridani]

http://www.huffingtonpost.com/entry/carbon-pricing-report_55fc8026e4b08820d918b6f9

The number of companies putting a price on their own carbon emissions has tripled since last year, according to a report released Sunday by the environmental data nonprofit CDP.

By assigning a cost to the production of greenhouse gases, companies hope to establish a financial incentive to wean themselves off fossil fuels. In-house carbon pricing also helps mitigate the effects of current or potential regulation. Carbon prices range from $1 per metric ton of carbon dioxide to $357.

“Contrary to conventional belief, companies would welcome regulatory certainty and are planning for mandatory emissions limits in the future,” Paula DiPerna, special adviser to CDP and a carbon-pricing expert, said in a statement. “CDP’s ongoing tracking of carbon pricing by companies is indispensable to illuminating how companies act.”

The 435 companies named in the report represent a range of industries, and include such corporate behemoths as the Campbell Soup Company, Black & Decker, Exxon Mobil Corp. and Nissan.

"The world's biggest corporations anticipate a future in which their carbon emissions carry a price," Lance Pierce, president of CDP North America, said in a statement. "The disclosures to CDP detail how and why companies are pricing their own carbon pollution now to help build competitive advantage for the future."