How much does that augur for a consistent carbon emissions policy?
SARAH GREENBERG: Well, I think that we are seeing more standardization of carbon policy, certainly with the change of administration in the United States. I think the U.S. was one of the holdouts in the developed world, and we’re starting to catch up. The financial crisis throws a loop into the development, but you’re seeing the movement globally. The Investor Network on Climate Risk now represents, I think, over $7 trillion of assets under management, and those are specific investors who are trying to understand how this regulation impacts companies financially. JULIA KENNEDY: Are you finding those impacts growing, or do you think you’re getting better at figuring out where the impacts lie? SARAH GREENBERG: I think part of what’s happening is that there’s more pressure on companies to disclose both their emissions and their risk management policies. A really great effort was the Carbon Disclosure Project, which was a nonprofit group in the United Kingdom that started asking corporatio
