Jan 19, 2021
In this episode Christian Paul, principal at TWS Partners, explains why many companies are struggling to reach their targets in reducing carbon gas emissions.
He argues that this challenge is fundamentally connected to how companies set their internal targets and how the mechanisms are designed to reach these targets.
Here, game theory can create incentive structures to effectively reduce carbon emissions – and more importantly - internally identify opportunities to reduce these emissions at the lowest internal costs.
Christian mentions the annual letter from Larry Fink, CEO of the investment company Blackrock (you can find the letter here: https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter). We were talking to Christian last year, so he is referring to Larry Fink’s letter from January 2020