Four months is a long time in climate politics. Back in October 2009, the momentum toward a global carbon regime seemed ineluctable. President Obama held a super-majority in the US Senate, China appeared amenable to a deal, high-profile companies were defecting from the US Chamber of Commerce over its opposition to climate action, and a [...]
This post is by my colleague Lucia Silva Gao, Assistant Professor of Finance, College of Management, University of Massachusetts, Boston. Her research focuses on the relationship between environmental and financial performance.
On January 27, 2010 the SEC voted to issue interpretive guidance on disclosure requirements of climate risks in SEC filings. The SEC stressed that [...]
Business and Climate Change in the Post-Copenhagen Era
By David L. Levy
(This is an updated version of an earlier posting)
President Obama’s decision to speak at the COP-15 climate summit in Copenhagen in December 2009 cannot have been easy. Obama surely did not want to invest his shrinking political capital in backing the doomed international conference, but [...]
Israel is a small country of 7.5 million people with an oversized political and media footprint. It also has a growing carbon footprint problem on its current development path, as noted in the November 2009 McKinsey report on Greenhouse Gas Reduction Potential in Israel (the 5-page summary is in English, click here for full [...]
By David L. Levy
The Financial Times reported some intriguing new McKinsey data this week on carbon mitigation costs across sectors and countries. The data indicate that there are substantial differences in costs, and predictably, that building efficiency, lighting, and HVAC are the low-hanging fruit available at negative cost. The implication is that US companies [...]
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