The carbon equivalence principle: minimising the cost to carbon net zero

A method to align incentives with sustainability in financial markets is introduced


Chris Kenyon, Mourad Berrahoui and Andrea Macrina introduce the carbon equivalence principle (CEP), which requires carbon equivalent flows enabled, or caused, by a financial product to have equal status with cashflows (ie, term sheets). This reveals that existing financial products already have an environmental impact and so are linked to environmental, social and governance criteria, without the need for any add-on terms. The CEP is then applied to minimise the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here