For my capstone project, I am studying internal carbon pricing systems at colleges and universities.
Internal carbon pricing allows entities to calculate a theoretical cost per ton of carbon emissions to make better informed business decisions. Often, companies that implement a shadow price for carbon do so to evaluate the profitability of new projects, business models, and investments (“Carbon Pricing…”). Overall, carbon pricing helps to highlight inefficiencies, cut energy use, incentivize sustainable investments, and reduce carbon pollution.
After researching other institutions’ successes and failures with internal carbon pricing, I plan to present a compelling argument to Notre Dame for why the university should implement our carbon pricing system.
Many different factors are at play when deciding the best way to implement systems such as these, and no two colleges have taken the same approach. Thus, I will observe successful internal carbon schemes at other institutions and examine which parts of them may apply to Notre Dame. Examining the sizes, goals, budgets, and other characteristics of institutions who have successfully implemented internal carbon pricing systems will allow me to find similarities and differences between them and Notre Dame. This research will enable me to present the most relevant and compelling argument for my proposal.