Yale’s innovative, market-based approach to climate change gains global recognition

Yale’s pursuit of market-based solutions to promote environmental sustainability — through a carbon pricing program on campus and its direction to investment managers to consider the economic impact of climate change — garnered global recognition recently in a visit to campus by U.N. Secretary-General Ban Ki-moon and at a meeting of government and business leaders at the World Bank in Washington, D.C.

Ban, speaking to the Global Colloquium of University Presidents on April 12, said, “I commend Yale for being the first university to join the carbon pricing leadership coalition.”

Reflecting on Yale’s efforts, including progress announced last week by the university’s chief investment officer, David Swensen, Ban remarked, “Yale has shown great leadership in this area and I commend your initiatives. Shareholders are calling on companies they invest in to disclose climate risk. A growing number of corporations are speaking up in favor of carbon pricing. I encourage Yale to be an even bigger part of the transition to a safer, healthier, low carbon future.”