Former Shell executive David Lawrence is a respected geologist and energy executive whose work centers on global exploration, natural gas and energy investment. David Lawrence established his own energy consulting firm, Lawrence Energy Group, after leaving his post at Shell. He currently advises clients in the energy sector on the energy transition and its business impacts and on carbon pricing scenarios.
In 40 countries, companies with business models that result in carbon dioxide emissions are charged a carbon price. Carbon prices are calculated ( in part) by putting a value on the estimated range of damages caused by CO2 emissions, as the cost of emitting a tonne of CO2 is proportional to the estimated cost of the potential damage it may cause. This formula produces a broad range of outcomes as it may consider various risk scenarios of costs incurred due to environmental issues, health problems possibly related to carbon dioxide emissions , and the risk of property damage from natural disasters.
Countries can levy carbon costs in two ways. Some governments put a limit on the amount of CO2 that can be emitted in any given year. This system, sometimes referred to as "cap-and-trade", creates a marketplace for CO2 emission allowances. Low-emitting businesses can sell their surplus allowances to other companies, thereby incentivizing companies to reduce their carbon emissions. In some countries, a carbon tax is directly imposed on emitters of CO2. In the long-term, the purpose of both carbon pricing methods is to reduce overall carbon emissions.
Utilizing decades of experience as a geologist and business leader, David Lawrence formerly held the position of executive vice president with Shell Upstream Americas in Houston with responsibilities including exploration.