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Sci-fi carbon coins could actually save our planet
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MidNight Mapper
Posted 3/3/2021 06:42 (#8869609)
Subject: Sci-fi carbon coins could actually save our planet


Colorado and Oz

Poplular Science article Sci-fi carbon coins could actually save our planet ?   This is an interesting read and one that could fund conversion and persistent $$/acre from Soil Health Farming Systems?


"By now we’re probably all familiar with the concept of carbon taxes. The idea is pretty simple: if we want less carbon to go into the atmosphere, we have to provide economic incentives to change behavior. Most mainstream economic proposals to tackle climate change are essentially ways of attaching a cost to carbon—one that approximates the toll each ton takes on the Earth.'

"But an idea literally straight out of a science fiction novel—though based on real research—might offer an even better incentive.'

"In his recent science fiction novel Ministry for the Future, Kim Stanley Robinson details a piece to the carbon equation that might be missing: a reward for doing the right thing. In the book, the leader of an international agency tasked with meeting the Paris Agreement goals works to persuade officials at central banks to support a new currency called the carbon coin."   (aka the Carbon Token)

"From a big picture standpoint, carbon coins would address an aspect of economic decision-making that taxes currently don’t. Chen says it’s similar to getting car insurance. While your route from A to B is likely whichever has the shortest ETA on Google Maps, your decision to get car insurance isn’t really based on efficiency. Rather, it’s based on risk—the probability of an accident. A carbon currency would similarly be a sort of insurance against climate change—with every coin issued, that risk is lowered."

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