In 2015 Predict Ability Ltd (PAL) introduced the Reinsurance Event Attributed Carbon Tax (REACT) system, which was originally designed to put a price on the financial loss and damage arising from carbon emissions.
REACT measures the expected losses that will occur for each tonne of carbon dioxide emitted. Further, it determines the allocation of the costs of those losses to each energy supplier based upon the proportion of carbon emitted and the carbon intensity of the fuel type used. The total revenue paid by all suppliers equals the total loss and damage caused by their emissions. Read the full fact sheet …
PAL provides carbon pricing software, services and business solutions that help financial institutions and public agencies understand, quantify and track their carbon risk exposure.