Study reveals how much carbon damage would cost corporations if they paid for their emissions

"The world’s corporations produce so much climate change pollution, it could eat up about 44% o f t h e i r p r o f i t s if they had to p a y d a m a g e s for it, according to a study by economists of nearly 15,000 public companies."

The “corporate carbon damages” from those publicly owned companies analyzed — a fraction of all the corporations — probably runs in the trillions of dollars globally and in the hundreds of billions for American firms, one of the study authors estimated in figures that were not part of the published research. That’s based on the cost of carbon dioxide pollution that the United States government has proposed."
https://epic.uchicago.edu/news/study-reveals-how-much-carbon-damage-would-cost-corporations-if-they-paid-for-their-emissions/

“We need to stop burning fossil fuels. Now. Not some time when we’ve allowed companies to make all the money they possibly can.” Dr Friederike Otto at Imperial College London.

https://theguardian.com/environment/2023/aug/28/dramatic-climate-action-needed-curtail-extreme-weather
#carbon #emissions #climate #pollution #LossAndDamages #coporations #profit #NSW #LoggingIndustry

A month ago, #COP27 was held in Egypt. Multiple topics from #lossanddamages 💵 to #cleanenergy 🔆🔋🌊 were discussed + significant commitments were made. 
Read #DSIRE Insight’s Dec. post for a brief of the #AfricanCOP to find out more ⬇️
LINK: https://www.dsireinsight.com/blog/2022/12/14/a-serving-of-global-climate-diplomacy

#energymastodon

A month ago, #COP27 was held in Egypt. Multiple topics from #lossanddamages 💵 to #cleanenergy 🔆🔋🌊 were discussed + significant commitments were made. 
Read #DSIRE Insight’s Dec. post for a brief of the #AfricanCOP to find out more ⬇️
LINK: dsireinsight.com/blog/2022/12/...

#energymastodon

A month ago, #COP27 was held in Egypt. Multiple topics from #lossanddamages 💵 to #cleanenergy 🔆🔋🌊 were discussed + significant commitments were made. 
Read #DSIRE Insight’s Dec. post for a brief of the #AfricanCOP to find out more ⬇️
LINK: https://www.dsireinsight.com/blog/2022/12/14/a-serving-of-global-climate-diplomacy
#energymastodon

A month ago, #COP27 was held in Egypt. Multiple topics from #lossanddamages 💵 to #cleanenergy 🔆🔋🌊 were discussed + significant commitments were made.

Read #DSIRE Insight’s Dec. post for a brief of the #AfricanCOP to find out more ⬇️
LINK: shorturl.at/gijnT
#energymastodon

Countries Hit Hardest by Climate Change May Finally Get Their Due - After 30 years of talk about forcing wealthy polluters to compensate those bearing the br... - https://www.wired.com/story/cop27-climate-reparations/ #science/environment #lossanddamages #science

Wir sind auf dem Weg in die Klimahölle - die #COP27 muss jetzt liefern! Dazu gehört auch, dass verschmutzende Länder für die Verluste & Schäden in anderen Ländern zahlen.
Die EU muss ihre Klimaziele anheben, um das #ParisAgreement einzuhalten! #Klimagerechtigkeit #lossanddamages
RT @GreensEFA: #COP27 must deliver! Polluting countries must pay for the #LossAndDamage in other countries.

And the EU must raise its climate targets to …

🐦🔗: https://nitter.eu/RipaManuela/status/1590341940339277824