Cross-Posted from <http://www.greenscroll.org/blog/EIO-Global-Carbon-Rankings-Launch>
By: Heather Adams, 28 Mar. 10
The Environmental Investment Organisation (EIO) Ltd., an independent not-for-profit company from the U.K. is tackling climate change in a very interesting way: via ethical and environmental improvements to the financial system.
They just launched their Global Carbon Rankings System, which ranks the World’s largest companies according toabsolute greenhouse gas emissions.
Shortly, the rankings will be used to make a tradable index that will financially reward or penalize companies bases on their position in the rankings. If you’re not a trader or a Green House Gas professional, I recommend clicking here for the short movie (less three minutes) explaining how it all works. If you would like ever more information there is an online book that you can view for free here.
EIO views the climate emergency as being understated and as a result, they are doing something about it. Now that is a cool idea!
