ICE's Gordon Bennett on COP26 and Carbonomics

There's no better way to gain an understanding of the types of conversations that took place at COP26 than to talk to someone who was there. Gordon Bennett, Managing Director of Utility Markets for ICE, was in Glasgow and he joins the show to talk about the role financial markets can play in achieving some of the goals that were laid out at the conference. And unlike so many of the concepts discussed in Glasgow, Gordon says the tools financial markets can offer already exist. Net zero was a huge topic at the COP and Gordon explains why carbonomics and the pricing of externalities -- both negative and positive externalities -- are essential to the energy transition. With carbon pricing being lauded in Glasgow by the likes of German Chancellor Angela Merkel and HRH Prince Charles, Gordon says global carbon trading markets -- like those addressed in the final text of Article 6 at COP26 -- are an example of ways markets and data can help companies and economies establish the necessary pricing mechanisms to accelerate the transition to a more sustainable future.More resourcesArticle 6 text on global carbon markets finalized at COP26Sign up for Modern Money SmartBriefListen to the Renewable Energy SmartPodMore about ICE: Environmental, Social and Governance issues are in the spotlight. Investors need the markets, data and indices to understand how their decisions impact the planet, people and their portfolios. At ICE, we provide data, markets and analytics to help you measure performance, manage risk and connect to opportunity. Visit ice.com/connecttoesg for more information.ICEMake Sustainable DecisionsDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.