Pricing Carbon Initiative Inc

What it reported doing in 2024

The Pricing Carbon Initiative (PCI) convenes regularly scheduled in-person and virtual meetings to discuss a range of potential climate-change policies that include pricing carbon as a key ingredient. The network currently includes over 125 stakeholders representing environmental, business, labor, social justice, religious, and other issue-oriented advocacy organizations, as well as both conservative and progressive think tanks. It is not a coalition that unites around specific policy proposals. Instead of advocating for proscriptive solutions, PCI aims to spark transformative insights within its network on how best to facilitate bipartisan strategies to achieve reductions in carbon emissions, while addressing both equity and effectiveness issues. PCI's diverse participants agree to three basic principles: 1) climate change is a serious existential threat to a healthy planet, 2) pricing is a necessary ingredient for effective policies and 3) participants in the Pricing Carbon Dialogues will adhere to the Chatham House Rule (CHR) of confidentiality. This CHR protocol has infused the PCI discussions with a sense of bipartisan candor, trust and cordiality that participants value and have not found elsewhere. HIGHLIGHTS of PCI EVENTS in 2024. On January 23, 2024, PCI partnered with the Brookings Institution in Washington DC to host an all-day, hybrid (both in-person and virtual) meeting. It was a confidential, Chatham House Rule (CHR) event with ample opportunities for participants to strengthen old relationships and forge new ones. The dialogue featured remarks by Rep. Suzan DelBene (D-WA01), who is the House lead on the bicameral Clean Competition Act and Chair of the Democratic Congressional Campaign Committee. The first panel focused on the state of play in the European Union and other countries on Carbon Border Measures (CBMs) and on their relationship to pending CBM legislation the current Congress. (CBMs are a form of tariffs based on the carbon footprint of goods and products.) The second panel covered election-year dynamics on climate and energy issues informed by extensive polling. The afternoon featured breakout sessions, and concluding remarks. On February 15, PCI convened key organizations for a 2.5-hour hybrid event focused on CBMs, co-hosted with E3G, a group that is an active member of the PCI network. It was effective in bridging siloed workstreams PCI had become aware of as a result of two landscape analyses conducted over the previous year. The second such analysis informed this event, and highlights were shared with the participants. Participants also shared a compendium of research and perspectives on CBMs produced by the groups in attendance. These groups were selected because they had either convened other subsets of stakeholders or had a distinct voice informing the policy debate on this subject. Participants reaffirmed that PCI was playing a useful and important role in this space, as the convener of conveners and expressed interest in continuing the engagement. On June 4, PCI co-hosted a virtual public forum with C2ES examining a possible window of opportunity for a US carbon price in 2025, based on the confluence of the growing national debt, growing global interest in CBMs, and the desire to extend some of the Trump tax cuts. Notably, speakers with closer ties to Republican circles were the most optimistic about the viability of this approach. Over 200 people tuned in for the forum, where divergent perspectives were shared and responded to. The event was reported on in Time Magazine piece by Justin Worland, who was one the moderators. On September 10, PCI co-hosted a second virtual public forum with C2ES in collaboration with Professor Christopher Borick of Muhlenberg College. This event, which drew 160 attendees and received media coverage from Inside EPA's Climate Extra, revealed groundbreaking polling data on American attitudes toward the intersection of climate and trade. The polling highlighted str

Financial Efficiency

• Mission deployment rate: 53.6%; rating input score 54
• Program expense ratio: 59.3%; rating input score 59

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100

Sustainability

• Operating margin: 9.6%; rating input score 57; 57th percentile among comparable filings
• Total-asset coverage ratio: 0.19; rating input score 18; 18th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
• Officer compensation ratio: 49.5%; rating input score 4; 4th percentile among comparable filings

Growth

• Program expense growth: 21.6% per year; rating input score 100; 78th percentile among comparable filings
• Revenue growth: 16.8% per year; rating input score 100; 80th percentile among comparable filings
• Asset growth: 14.7% per year; rating input score 100; 72nd percentile among comparable filings