Opinion / #carbon accounting
Instead of backtracking on net zero, companies are retracting unsubstantiated carbon neutrality claims – a positive development.
There are growing calls for more corporate disclosure, but if firms release sustainability reports just to meet the needs of external stakeholders, including regulators, it is unlikely to motivate internal changes to business operations.
House Bill 7705, the low carbon economy bill, could help the climate-vulnerable nation seize the economic opportunities that come with decarbonisation.
As the only multilateral institution charged with maintaining global financial and fiscal stability, the IMF’s role is critical for addressing climate change.
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