Dan Romito writes in RealClearEnergy that regulation will not solve our energy problems.
- The Securities and Exchange Commission (SEC) has recently released a proposed ruling that would require publicly traded companies to disclose their emissions.
- This ruling would hamstring markets while providing negligible economic or climate benefits.
- Disclosing emissions and environmental impacts should be voluntary and not mandated by the government.
- Rather than increasing regulatory barriers, the government should reduce harmful regulations to allow the private sector to innovate.
“Highlighting emissions data, although helpful in some cases, is also not going to solve any functional or operational aspect of climate risk. Should an investor deem any data point material to valuation, the communication avenues to attain such information already exist. We do not need to impose another regulatory cost burden to get this information. If anything, we should rethink how we can expedite the technological capabilities public companies are already working on.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
