A new op-ed by John Abrams, founder and CEO of South Mountain Co., lays out the business case for a carbon price. Mr. Abrams emphasizes that businesses suffer from the impacts of climate change such as flood damage, polluted water, and power outages, and that a market based approach like a carbon fee will help mitigate these issues.
“The real message is that climate change hurts business and fighting it can help business. For example, my 42-year-old employee-owned firm, South Mountain Co., provides integrated architecture, engineering, building and renewable energy services. Ten years ago, solar energy was a tiny fraction of our business. Today it’s responsible for a third of our revenues. Our business benefits by doing the right thing.”
The full op-ed is available here.