COP22: Carrefour announces the introduction of an internal price on carbon

Within the framework of the United Nations’ “Caring for Climate” conference which was held as part of the COP 22 in Marrakesh, Morocco, Carrefour, which has set an internal price for carbon, announced its application in each of the Group’s countries, effective immediately. This initiative contributes to Carrefour’ objective to reduce its CO2 emissions by 40% by 2025 and by 70% by 2050 (compared with 2010 levels). Through this initiative, the impact of greenhouse gases will be incorporated into the investment decision-making processes thus accelerating the implementation of low-carbon technologies throughout the company’s store network.

Introducing an internal price for carbon is a transformational initiative that Carrefour is voluntarily implementing in order to internalise the cost of greenhouse gas emissions. The aim is to make the overall cost of low-carbon technologies more competitive compared with the cost of more conventional technologies.

Carrefour has decided to calculate the price of carbon on a country-by-country basis, factoring in the specific characteristics in terms of energy mix and level of technological development of each country. New technologies, such as bio methane, solar and geothermal power are systematically tested.