This is easy enough

And in the meantime discussions on sustainable cost accounting suggest that it is being noticed. The awareness that the sustainability reporting being proposed at COP 26 will fall far short of real need is increasing as investors realise that knowing how much carbon a company produces does not indicate how the problem will be solved, or what the cost of doing so might be. Despite this the government seems wedded to this approach that will fall so far short of investor needs, and those of society. I am being encouraged to write an alternative accounting standard on this issue and that is requiring some thought.

Have a carbon tax. That puts emissions into all market prices. Corporate accounts are compiled from market prices. Job done.

Of course, that doesn’t get me a one day a week job from Copenhagen Business School for the next four years so perhaps someone would care to just give the cash up front right now?

8 thoughts on “This is easy enough”

  1. In fairness if these projects keep him on the sidelines then they can only be a good thing. I wonder how many firms have adopted the ‘Fair Tax Mark’ in 2021?

  2. “discussions on sustainable cost accounting suggest that it is being noticed”

    In the same way that there might be discussions when someone notices a dead badger lying on a grass verge.

  3. Mr W, I do admire the tenacity and persistence you demonstrate in your relentless exposure of the idiocy that Ritchie spouts. I’d’ve given up by now.

  4. On the news this evening: gas n leccy prices going up because, direct quote, “the carbon price has gone up”. Yep folks, it’s explicit government policy to make staying warm too expensive.

  5. He seems to be positioning himself to repeat the I invented CbC reporting angle in the hopes this time enough people will believe him and give him some money.

  6. Bloke in North Dorset

    Its not just the carbon price. Over at [email protected]:

    Time to switch off
    I really mean it too..

    Check this story out – a very well written piece in Bloomberg that actually factually summarises all the relevant key points at hand.

    Due to no wind, there is a 10% gap in energy production in the UK this week. France has many of its nukes off-line, so we rely on back up coal and gas. Right at the point where global supply chain issues mean that prices are soaring.

    And I mean soaring, one contract on Monday went for £1760, as opposed to the usual £50 per KwH. The average a mere £345 – just a seven-fold price increase for the week.

    Of course, the wind will blow again, but there is no way this episode does not lead to markedly higher consumer prices over the winter. Cold spells in winter now are going to cost the wholesalers even higher prices than this as supplies of gas are so tight.

  7. @BiND
    My energy supplier (PFP) went bust two days ago, leaving me to the tender mercies of British Gas 🙁

    Prolly a coincidence.

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