The private sector needs to report relevant information and be incentivized to do so; the public sector needs to provide the infrastructure needed for this information to be used efficiently. Incentivizing firms to collect and disclose information that is potentially considered sensitive is obviously an important caveat of a system of climate accounting.
The scoreboard should remain focused and concise to draw the attention of the policy makers and the broader public to the emergence of macroeconomic imbalances at an early point in time. Let me be frank: the governance package is an important step forward.