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You still need a pricing strategy, but it is much more qualitative than quantitative.
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We need a price on carbon.
"Finally," said Harvey, "we need a price on carbon".
Shops defending their dollar income need a price rise of 50% to offset this.
Analysts suggest that for BHP to break even they need a price of US$51 a tonne.
"We need a price close to the same number for different reasons," said Gigi Lazenby, chief executive of the Bretagne General Partnership, an independent oil company in Beattyville, Ky.
On the demand side, we need a price on carbon that encourages companies to stop production of the most environmentally damaging fuels.
We need a price on carbon because it will stimulate massive innovation in the next great global industry — E.T. — energy technology.
Brandon Hokana, whose family farms 3,500 acres near Ellendale, N.D., estimates that they need a price of $8.75 per bushel of soybeans to break even.
"It may be that Copenhagen gives us a ray of light that we can trust long term prices but we haven't seen that in a sustainable price – we need a price signal right across the EU," he said.
Adjusting for a reverse split in 2009, an investor who bought A.I.G. a week before the collapse would need a price close to $400 to break even, even taking the warrant into account.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com