Week 4: Assignment: White PaperBased on yourwhite paper topic submission, research and write a five-page whitepaper to your company’s executive team on how your business canimplement an internal carbon fee. The paper must include at least threeexamples of businesses that have an internal carbon fee, which will helpto support your argument. To provide depth and background, the papershould analyze the external carbon tax. A white paper providesrecommendations for action at the end of the document. You will need toprovide at least 5 and a maximum of 10 recommendations on how thecompany can implement an internal carbon fee. The paper will give youthe opportunity to practice your research and analytical skills.Consider these questions as you conduct your research: Why are some companies successful at implementing an internal carbon fee? What sets them apart?What are the similarities and differences between an internal carbon fee and an external carbon tax?How do companies factor in direct and indirect carbon emissions, identified as Scope 1, Scope 2, and Scope 3 GHG emissions?What are the challenges/obstacles and environmental impacts involved in applying an internal carbon fee?How can you consider the social cost of carbon in your recommendations?Why are countries, internationally, moving toward a carbon tax? ResourcesThis assignmentrequires a deep dive into the world of internal carbon fees and itsexternal counterpart the carbon tax. Below are several resources thatwill help to jumpstart your research. Find and carefully read company CorporateSustainability Reports, environmental reports, or the most recent reportsubmitted to the CDP (Carbon Disclosure Project) or Global ReportingInitiative (GRI).Carbon Disclosure Project. Use of internal carbon price by companies as incentive and strategic planning tool.December 2013Carbon Disclosure Project. Global Corporate Use of carbon pricingUN Global Compact Executive Guide to Carbon Pricing Leadership: https://www.unglobalcompact.org/docs/issues_doc/Environment/climate/CarbonPricingExecutiveGuide.pdfTriple Pundit article: What is an internal carbon price, and should my business implement one? http://www.triplepundit.com/2015/12/what-is-an-internal-carbon-price-and-should-my-business-implement-one/New York Times article: Microsoft Leads Movement to Offset Emissions with Internal Carbon Tax. September 2015.The Guardian. Disney, Microsoft and Shell opt for self-imposed carbon emissions taxes. June 2013Stonyfield Organic. Designing an Internal Carbon Fee Program. MIT Sloan School of Management Sustainability Lab. May 2015 Assignment DetailsThepaper should be 2,000-2,500 words or five pages and include an executivesummary, introduction, three main sections with examples, and aconclusion with 5-10 bulleted or numbered recommendations. Extra pagesoutside the word count include a title page and a reference page. Allreferences and in-text citations should be APA format. Please use 1.5space and a standard font like Times New Roman, Calibri and so on. Makesure that you utilize professional document formatting with headers andsubheads, charts or graphs or illustrations, and an engaging design.Youwill be evaluated on how well you have argued the case for implementingan internal carbon fee as well as explain its relationship to theexternal carbon tax. Making the business case for the internal carbonfee is your main goal. Providing insight and background on the externalcarbon tax is expected.Base your research on peer reviewedjournal articles, articles from professional research organizations,company documents, government reports, and reliable and reputablesources.