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Giving Compass' Take:
• Climate One highlights a conversation with John Hofmeister, former President of Shell Oil Company, who describes why a price on carbon is critical order for industry to invest in carbon removal technologies.
• How can donors effectively reduce carbon emissions or support policies that will? Why is carbon pricing and adjustments such a complicated issue?
Just ten years ago, an entire state running on 100 percent renewable electricity was considered fanciful. But this dreamy vision became reality when, with the backing of big utilities, California committed to 100 percent use of zero-carbon electricity by 2045. The stakes were raised even higher with a statewide pledge to go carbon neutral by 2045. What will it take for California to achieve such a feat? What are the impacts on the fuel and transportation industries? Will Governor Gavin Newsom embrace climate initiatives started by former Governor Jerry Brown?
A discussion on California’s surprise gambit to take the world’s fifth largest economy to net zero with John Hofmeister, former president of Shell Oil, Bob Holycross, Global Director of Sustainability & Vehicle Environmental Matters at Ford Motor Company, and Mary Nichols, Chair of the California Air Resources Board.
Read the full article about the price on carbon by the staff at Climate One