Global business groups have banded together to push for an international carbon price strategy, calling on governments at the COP26 climate summit to agree on an “effective and fair” system to spur investment in cutting greenhouse gas emissions.
The drive for a common approach comes from the Washington-based Business Roundtable (BRT), the leading lobbyist for big companies in the US, the Brussels-based European Round Table for Industry (ERT), and the business councils of Australia, Canada and Mexico.
It demonstrates the growing pressure on executives for stronger action on climate change as well as their concerns about the potential costs of complying with a patchwork of local policies.
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