“Shift the Norms in Business” to Fight Climate Change

October 5, 2020

I interviewed Andy Hoffmann of the University of Michigan Ross School of business and has a joint appointment to School for Environment & Sustainability.
Andy has been working for many years to bring together business, science and activism to deal with climate as well as a host of other pressing issues.

Business Insider:

WASHINGTON (Reuters) — The Business Roundtable, a grouping of CEOs from some of the biggest US companies, announced on Wednesday it supports market-based carbon pricing to fight climate change, a shift from the past when the group was divided on the issue.

The lobbying group, representing over 200 major US corporations ranging for Amazon.com to Chevron, said it supported slashing US greenhouse gas emissions 80% below 2005 levels by 2050 to help limit global temperature rise to 2 degrees Celsius above pre-industrial levels, in line with the Paris Agreement international climate deal.

“The new Business Roundtable position on climate change reflects our belief that a national market-based emissions reduction policy is critical to reducing greenhouse gas emissions to levels designed to avoid the worst effects and mitigate the impacts of climate change,” said Doug McMillon, chief executive of Walmart and chairman of the Business Roundtable.

The move marks a shift from the group’s earlier position on carbon pricing, when it declined to support legislation that would have established an economy-wide cap-and-trade system for greenhouse gas emissions.

One Response to ““Shift the Norms in Business” to Fight Climate Change”

  1. mtpccl Says:

    Hoffman’s thorough understanding of climate change and market change is why we’re excited to have him as the keynote speaker for the virtual Central Michigan Climate Solutions Summit, Friday, Oct. 16. He’ll present from 12:00-1:30 p.m. after the Central Michigan University panel and the community panel in the morning. It’s free; the schedule and registration are at https://central-michigan-climate-solutions-summit.eventbrite.com/.


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