How large a role should carbon markets play in the fight against climate change? Listen to Dr Daniel Klier, CEO of South Pole
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Last week, Microsoft signed one of the world’s largest carbon removal deals with Rubicon Carbon, purchasing 18 million tonnes of carbon removal credits. But will investing in carbon markets necessarily reduce the urgency of reaching net zero emissions, and how large of a role should they play in the fight against climate change?
In a special edition of the Frankly Speaking podcast, Richard Howitt was joined by Dr Daniel Klier, CEO of the climate consultancy South Pole, which describes itself as the world’s leading carbon project expert.
Together they discussed the current progress in tackling global carbon emissions, as well as the findings of South Pole’s Net Zero survey of 350 financial institutions worldwide. You’ll also hear more about:
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“If we're not careful we're going to hit very significant negative tipping points - a severe worsening of global weather events, floods, droughts and financial damage that is already in the range of 100 billion every year. And if you think back about the original premise of Mark Carney, his thesis was that the financial system isn’t currently pricing climate risk properly because we don't think in long term horizons. That's why we're bringing up this notion of ‘cakeism’. You can have your cake and eat it. But that system may break and it's not currently set up for that moment.”
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What can businesses do to eliminate modern slavery? Listen to Johannes Dumay, Professor in Accounting at Macquarie University
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The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) wants to do for social issues what the TCFD did for climate a decade ago: harness capital markets to drive corporate action, this time on inequality and people-related risk.
What’s the track record of German companies implementing the LkSG? Listen to Sarah Hechler, previously Social Project Manager at the UN Global Compact Netzwerk Deutschland, and Christopher Bayer, Senior Researcher on the study and Principal Investigator at Development International
