Transforming corporate culture by putting a price on carbon
Paris Agreement
The participation of non-state actors was a critical piece of the momentum leading up to COP21. The NAZCA portal lists many initiatives helping the world meet its climate change goals under the Paris Agreement.
Microsoft’s Global Carbon Fee is a strong example of the private sector leading the way towards highly resilient low-carbon future. Microsoft’s financial model that puts an incremental fee on carbon emissions, as well as its focus on projects that will accelerate climate friendly innovation, is a replicable example of non-state action that will help achieve the goals of the Paris Agreement.