Our economy has continually existed at the intersection of "private cost" and "private benefit". The global "free market" economy operates, theoretically, on the "Marginal Cost = Marginal Benefits" framework.
However, there are externalities to every corporate action, and individual consumption. There are positive, as well as negative, externalities.
Carpooling, for example, has a positive externality compared to individual commute - it reduces emissions per mile traveled.
On the other hand, private jets have significant negative externalities - emissions per mile is extremely high.
Costs of goods and services should reflect the negative and positive externalities. These are seldom, if ever, priced in.
We need to now operate in a "Marginal Social Cost" = "Marginal Social Benefit" framework.
Internalize Externalities LLC is a data-driven consulting firm that assesses the complete spectrum of positive and negative externalities of products and services, and provides price ranges to allow corporations to achieve and exceed their ESG goals.
This allows corporations to:
1. Achieve larger profits on goods/services that have high positive externality,
2. Raise significantly more funds to counter negative externalities through offsets, and through increased R&D funds.
And equally as importantly, it allows our society to:
1. Reduce consumption, and production, of products/services with significant negative externalities
2. Increase innovation across the economy
3. Start striding towards a cleaner and safer Planet Earth
Company Details
- Founded
- -
- Address
- New York City, Ny 10044, Us
- Industry
- Business Consulting And Services
- NAICS
-
Management, Scientific, and Technical Consulting ServicesManagement Consulting ServicesOther Scientific and Technical Consulting ServicesOther Management Consulting Services
- Keywords
- Research, Externalities, Cost-Benefit Analysis, Social Cost - Social Benefit Analysis, Product Pricing, ESG, Innovation.
- HQ
- New York City, NY
Internalize Externalities Questions
Internalize Externalities's LinkedIn profile is https://www.linkedin.com/company/internalize-externalities-llc
Internalize Externalities's industry is
Business Consulting and Services
Internalize Externalities's top competitors are
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Internalize Externalities's categories are Business Consulting and Services
Internalize Externalities's founding year is 2021
