MIT joins Carbon Pricing Leadership Coalition
MIT has formally joined the Carbon Pricing Leadership Coalition, a global partnership of governments, businesses, and civil society organizations working together with the goal of applying a price on carbon emissions, the predominant cause of climate change. Jim Yong Kim, president of the World Bank, and Christine Lagarde, managing director of the International Monetary Fund, officially launched the coalition at the Paris climate talks last November. Its membership includes more than 20 national and subnational governments, more than 90 major companies, and dozens of leading nonprofit organizations. MIT is the second university to join the coalition after Yale. L. Rafael Reif, the president of MIT, accepted the invitation to join the CPLC in a letter sent May 19 to the World Bank. “Remarkable progress in low-carbon energy innovation and commercialization — happening here at MIT and at universities, companies, and government labs around the world — is a reason for great optimism,” Reif...