Putting in place a “price signal” is a powerful tool of involvement. With this internal carbon price, Solvay will take into account climate challenges in its long-terms economic decisions.
To foster the transition of Solvay to low carbon economy, decision for new investment is driven by an internal carbon price. A cost to greenhouse gas emissions (higher than the current market prices for CO2 emissions) is attributed and the value of emissions savings is evaluated, allowing the Group to redirect its investments to low carbon.
“It is looking a bit ahead to ensure that the decisions we take today will make sense tomorrow and after tomorrow” supports Jean-Pierre Clamadieu, CEO of Solvay.