As each year passes, the impacts of climate change feel more immediate and daunting.
According to a recent report from the World Bank, despite encouraging trends, action on carbon pricing is nowhere near where it should be – covering only a small part of global emissions at prices too low to significantly reduce emissions.
Facing the challenges created by greenhouse gas (GHG) emissions and the market demand for sustainable products, Monash Business School’s Dr Xin Ma has studied supply chains and the possibilities of making manufacturing companies more involved in decisions around emissions.
He and his co-authors developed a way to assist manufacturers in sourcing contract and pricing strategies under the schemes of pricing carbon.