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Companies and regulators explore how a low-carbon emissions economy would work

PARIS -- What would a green financial system that encourages net zero greenhouse gas emissions look like? It would have to reduce the risks of high-carbon assets while simultaneously scaling up capital for the low-carbon transition. But who would set the ground rules, and what role would there be for investors? These are key questions in an ongoing dialogue among global business leaders that became public last month at a one-day summit meeting here that showcased solutions and highlighted actions taken by a growing number of pioneering bankers, insurers and institutional investors.


Oil and gas CEOs call for carbon price as Exxon, Chevron outline climate strategy

The CEOs of six of the largest energy companies worldwide want national governments to put a price tag on greenhouse gas emissions. In a letter addressed to Christiana Figueres, executive secretary of the U.N. Framework Convention on Climate Change, the authors call upon the United Nations and countries to "open a direct dialogue" on climate change and carbon pricing, "including at the UNFCCC negotiations in Paris and beyond."


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