Top finance trade groups join calls for U.S. carbon pricing

[Yo_Mama_Been_Loggin]

(Reuters) - Major U.S. financial trade groups on Thursday joined calls for some type of carbon pricing in the United States, underscoring the growing corporate enthusiasm for steps to slow the pace of climate change.

"For markets to function you've got to have a price on carbon," said Tim Adams, president of the Institute of International Finance, in an interview.

Its board includes leaders of banks, insurers and asset managers worldwide, including from JPMorgan Chase & Co, Citigroup Inc and State Street Corp.

A policy document the IIF is set to release with 10 other trade groups states that carbon pricing can "spur development of climate-related financial products, promote more transparent pricing of climate-related financial risks, and can inform and help scale key initiatives like voluntary carbon markets."

https://www.msn.com/en-us/money/markets/top-finance-trade-groups-join-calls-for-u-s-carbon-pricing/ar-BB1dNl3t?li=BBnbfcN&ocid=DELLDHP

The sound you just heard was the GOP collectively shitting themselves.

[hunter]

1. I doubt this will work.

Too much incentive to maximize carbon tax revenue.

The only way out is to ban fossil fuels and let the cards fall as they may.

Fossil fuels are like smoking. You quit or you don't.

[List left]

2. We need to get as many people on board as possible at what ever level of commitment, and

keep pushing to go further. If we say perfect solution or nothing we will not succeed. It we stop at half measures we also will not succeed.