NOVEMBER 15, 2019

The Price Is Right



Renowned economist Lord Nicholas Stern literally wrote the book on carbon pricing – well, the Stern-Stiglitz High-Level Commission on Carbon Prices. He and IFC Vice President Hans Peter Lankes join ClimateBiz to discuss the basics of carbon prices, what businesses need to know, and what this means for international development.


  • 8:21 Current state of carbon pricing initiatives
  • 11:54 What should the price be?
  • 14:47 Carbon pricing and developing countries
  • 17:35 Millennial preferences
  • 21:00 IFC’s carbon pricing experience
  • 26:00 Carbon Pricing Leadership Coalition
  • 29:32 Climate change and pensions

Nicholas Stern

Co-Chair and IG Patel Professor of Economics and Government at the London School of Economics and President of the Royal Economic Society

Bio »

Hans Peter Lankes

Vice President of Economics and Private Sector Development, IFC

Bio »



Part I went through the basics and current state of carbon pricing, including what it means for business. In Part II, Marcene and Shari interviewed two business leaders, Feike Sijbesma and Anand Mahindra, to discuss the report they co-chaired on Carbon Pricing and Competitiveness.


  • 2:25 Carbon pricing and competitiveness
  • 7:56 Climate action and profitability
  • 11:58 Systematic approaches to incorporating climate-friendly business practices
  • 16:57 Do we need a floor on carbon


Views expressed here are those of the speakers and do not necessarily reflect the official policy or position of IFC.

Anand Mahindra

Chairman, Mahindra Group

Bio »

Feike Sijbesma

CEO and Chairman, DSM

Bio »


Podcast Hosts

Marcene Mitchell
Senior Manager, Climate Business and Strategy, IFC 

Shari Friedman
Senior Strategist, IFC



This podcast was made possible by the generous support of the Ministry of Foreign Affairs of The Netherlands.