As climate change rapidly spirals out of control, big business is preparing for the inevitable. According to a new study from the environmental organization CDP, at least 1,300 corporations — including Goldman Sachs, Disney and Microsoft — either have an internal carbon pricing plan or are about to put one in place.
The thinking here is simple. At some point or another (and hopefully sooner rather than later) we, as a civilization, are going to have to institute a carbon tax on all fossil fuel emissions. It’s the most practical way to stop climate change, and it’s the only way to recoup the costs of all the damage Big Oil, Big Coal and Big Gas have done and continue to do to our planet. Giant corporations like Microsoft know this, and so they want to be as prepared as possible for the day when they too have to start paying for their emissions or the increased cost of energy produced by fossil fuels.
This should be a wake-up call to everyone about just how real the crisis we’re facing really is. These corporations are conservative and self-interested by nature, and they wouldn’t be adding extra costs to their budgets unless they thought they had to. Factoring in the cost of another tax is literally the last thing they want to do, but in the long run, having a functioning society is better for their bottom line than a society devastated by climate change, so they’re sucking it up and going forward with their carbon pricing plans. Welcome to the future.
Accepting the reality of climate change and the financial, social and political challenges it presents is something every single company, every single government and every single agency is going…