Climate Data Has a Measurement Problem
Every climate stress test and carbon trading scheme rests on emissions data, but as economist Sayuri Shirai argues, two entirely separate systems generate those figures: one built for regulatory compliance at the facility level, the other for investor-facing disclosure across entire supply chains. Each was built for a different purpose, under different rules, and used interchangeably, the results can be inconsistent or misleading. Shirai's case: central banks should be active in shaping how climate data is governed before parallel systems calcify into permanent fragmentation. Read more here →Every climate stress test and carbon trading scheme rests on emissions data, but as economist Sayuri Shirai argues, two entirely separate systems generate those figures: one built for regulatory compliance at the facility level, the other for investor-facing disclosure across entire supply chains. Each was built for a different purpose, under different rules, and used interchangeably, the results can be inconsistent or misleading. Shirai's case: central banks should be active in shaping how climate data is governed before parallel systems calcify into permanent fragmentation. Read more here →Expert summary pending. Showing the newcomer version.