| While it seems like everybody is talking about carbon pricing these days, few have tackled the issue from the perspective of finance ministers. Last week on the sidelines of the World Economic Forum in Davos, former U.S. Treasury secretary Larry Summers and a group of financial mandarins came up with a carbon-pricing cheat sheet for finance ministers at a dinner discussion hosted by Corporate Knights.
The dinner generated seven propositions. First, there cannot be any question that it is an imprudent risk to put business-as-usual levels of carbon into the air. One can debate just what the risk is or just what the minimum levels are. But no sentient person can fail to appreciate that the current trajectory is enormously dangerous. The scientific arguments on this are reminiscent of the smoking debate. No sensible person is in any doubt that there needs to be a large-scale adjustment...............................................Full Article: Source
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