'Lessons in chemistry': Chemicals industry accused of 'significantly underestimating' climate related risks

clock • 4 min read
Credit: iStock
Image:

Credit: iStock

New Planet Tracker study warns chemical companies are under-pricing carbon costs and undermining decarbonisation efforts

Climate strategies from the world's largest chemicals companies have "significant shortcomings" and could be under-pricing carbon-related costs by up to $9.8bn a year, a major new analysis has warned....

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

What your salad can tell you about the cost of climate resilience

What your salad can tell you about the cost of climate resilience

Businesses must develop strategies for climate change adaptation with the same urgency as decarbonisation, writes Viridor Energy's ESG director Edita Adamcikova

Edita Adamcikova, Viridor
clock 15 September 2025 • 3 min read
Global Briefing: World Cup 2026 faces extreme heat warnings

Global Briefing: World Cup 2026 faces extreme heat warnings

Top footballers warn summer World Cups are under threat from climate impacts, Octopus Energy continues German expansion plans, and Canada pauses EV mandate

James Murray
clock 12 September 2025 • 7 min read
Should companies back natural or engineered carbon removals? The debate is heating up

Should companies back natural or engineered carbon removals? The debate is heating up

From reforestation and agroforestry, to BECCS and direct air capture - expert opinions differ on whether some carbon removal projects should be considered more 'durable' than others

Michael Holder
clock 11 September 2025 • 13 min read