Read the full story in Forbes.
Investors should care because quietly more and more of the North American economy is actually already under a variety of prices for carbon, with more on the way. Companies in the U.S. and Canada are increasingly operating within regional, state, local, and even self-imposed carbon pricing and trading schemes. These are already having an impact, and investors need to understand how this mixed bag of prices are affecting their companies and markets. At year-end 2019, there were 21 regional emissions trading systems in place around the globe, with another 24 under consideration (note: link opens pdf) — including in North America. The Regional Greenhouse Gas Initiative (RGGI) now covers most of the northeastern U.S. states, and since 2014 California and Quebec have collaborated on an emissions trading system since 2014.
