CERAWeek by S&P International — an annual world vitality convention specializing in the business’s largest targets and challenges — started on Monday in Houston, Texas. The convention brings collectively all manners of pros, together with senior executives, authorities officers, lecturers, and extra. One of many predominant overarching themes for the convention is the vitality transition and the way corporations and governments can take part on that transition.
S&P International (SPGI) CEO Douglas Peterson — whose firm organizes the convention — joins Yahoo Finance’s Julie Hyman to debate the way forward for vitality transition, advantages from President Biden’s Inflation Discount Act, and different prevalent themes a part of the CERAWeek convention’s total discourse.
Peterson feedback on current guidelines handed by the Safety and Trade Fee (SEC) for corporations to reveal environmental and local weather targets and enhance transparency over these targets: “I believe it is a actually good thought to have constant requirements and, to start with, I will say globally. There’s a company known as the Worldwide Sustainability Requirements Board, the ISSB, that’s taking a look at methods to have constant requirements for disclosure about local weather motion across the globe, and the US must get on board. And the US really is a member of the ISSB, which comes from the IFRS [International Financial Reporting Standards Foundation]. I used to be inspired that the rule that got here out was one the place each the environmentalists and a number of the others had been in opposition to it. Implies that possibly they’re beginning to hit the proper steadiness on it.”
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