“The Real Carbon Index shows the actual costs of carbon for companies, so for investors it’s a very useful tool in ascertaining its effect on company profitability,” Dr Cui says. The index measures the global carbon prices, and it has become a reference point to understand how the fight against global warming is going. Since the Real Carbon Price Index launched in 2021, it has been used by institutions, organisations, and researchers to put a true price on carbon. “We want to raise awareness and drive policy change for governments and investors.” “Climate change is the big challenge of our time, and the price of carbon is one way to combat climate change. “It was always our aim to have the index distributed as widely as possible to reach maximum impact,” says Dr Bei Cui, one of the key researchers from MCFS. The ultimate aim is for the Real Carbon Price Index to become the main reference point used by investors, policy makers and other finance professionals to monitor global carbon prices. The Bloomberg Terminal is an essential tool used by professionals and policy makers to make wide-ranging financial and economic decisions.
This means the Index is now available for financial experts and investors around the world to easily access this authoritative, up-to-date and trustworthy source for global carbon price movements. The Real Carbon Price Index, created by the Monash Centre for Financial Studies (MCFS) in partnership with industry partners C2Zero and SparkChange, launched on the widely-used subscriber-only platform Bloomberg Terminal late last year.
MCFS researchers Bei Cui, Nga Pham and Ummul Ruthbah.Ī Monash Business School research project which monitors real-time carbon prices is now easily available to finance professionals and investors around the world, through a relationship with global media company, Bloomberg. Principles for Responsible Management Education Partnerships, Alliances and Advisory Boards
Pacific Action for Climate Transitions (PACT) Professional development and support programs Graduate research students and supervisors Monash Business and Sustainability Network
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