Beyond Profit: Understanding Corporate Value and Carbon Externalities

This chapter explores the broader concept of corporate value, emphasizing that it encompasses both positive and negative externalities affecting society. It focuses on the carbon externality, highlighting the quantifiable economic impact of carbon emissions and the importance of assessing the social costs associated with them. Through discussions on consumer behavior and the shared responsibilities in addressing carbon impacts, the chapter provides a comprehensive look at the true costs of corporate actions beyond shareholder value.