Climate action is an imperative for the energy industry. Companies and countries adopt policies such as a price on carbon to reduce emissions intensity in pursuit of climate change goals. These policies are popular, but are they effecting real change? What are the economic and environmental costs and benefits of pricing carbon today? And what types of policies might be needed to achieve longer-term climate goals?
The energy transition is putting companies under intense pressure to reduce carbon emissions, so many players are looking for innovative ways to cut back on their businesses’ emissions. Natural solutions, including innovative shifts in reforestation, agricultural practice, and mangrove conservation, are helping to mitigate carbon footprints from energy production and consumption, while promoting a healthy, biodiverse ecosystem. What is the carbon-mitigation potential and cost? How do nature-based solutions connect to new climate policy targets to achieve net zero emissions? How can energy companies develop nature-based, non-energy assets?