Not the Only Game in Town: The Complementary Roles of Public & Private Environmental Governance

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Wharton Public Policy Initiative Issue Briefs
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EPA
Clean Power Plan
emissions
greenhouse gas
carbon
cap-and-trade
climate change
Business Law, Public Responsibility, and Ethics
Environmental Policy
Public Policy
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Related resources
Green Evolution: How Business Is Joining the Environmental Vanguard (http://knowledge.wharton.upenn.edu/article/green-evolution-how-business-is-joining-the-environmental-vanguard/)
Not the Only Game in Town: The Complementary Roles of Public & Private Environmental Governance (http://publicpolicy.wharton.upenn.edu/issue-brief/v3n8.php)
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This Brief focuses on ways in which private firms are adopting tools that mirror public law instruments—such as internal carbon fees (similar to a public carbon tax) and private cap-and-trade schemes (like public emissions trading schemes)—to reduce greenhouse gas emissions and address climate change. These private case studies suggest that significant progress in reducing emissions can come from embedding emissions reduction programs into core business strategy. Moreover, these case studies indicate that climate change, as a global issue, requires public regulators to recognize the potential contributions of global multinational firms.

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2015-10-01
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