"How a coin for carbon could save the planet"
Interesting idea! Such coin price could even be linked, in some way, with the CO2 European Emission Allowances price.
#cryptocurrency #SustainableDevelopment #ClimateEmergency
@mashable@gnusocial.de
https://mashable.com/feature/carbon-coin-climate-change-crypto
This is precisely what ETS (Emissions Trading System) already is - you can buy the permissions, and you can trade them. They already *are* a commodity, so a new coin is not necessary. The problem is what you can actually buy for the coin, because this is where it gets political - for example, Germany "avoids" massive amounts of CO2 emissions by burning wood which of course emits CO2 but in ETS it's declared as zero-emissions.
Any commodity that can be speculated on will immediately attract speculative traders. There's no way out of it - if carbon permits can be traded, they will be speculatively traded. I guess the only way out is a static carbon tax, but that I believe would massively change prices of literally everything we use in our daily life and as result we would vote down anyone who ever proposes it 🤷
@douginamug @kravietz @gael @rysiek
That's a really well structured plan. It almost feels like it takes republicans to come up with something that simple/logical because they've been bashed so long in the public discourse that they're almost completely devoid of pandering/posturing.
@douginamug @kravietz @gael @rysiek That plan has many merits, and thus seems unlikely to make it into law. Republicans seem generally less likely to adopt sensible climate policy now than 25 years ago; as #uspol has become more polarised, many Rs have decided that #ClimateChange is not a real problem to be managed, but a pretext for Ds to do what they want.
As for the Ds, they prefer to spend and regulate, with costs hidden.
~
@kravietz @gael @rysiek
"... we would vote down anyone who ever proposes it (carbon tax)"
So, the most compelling carbon plan I've come across so far—which hinges on carbon tax *and* tariffs, and aims to *secure* public acceptance—was written by some Republicans in the 80s, and is being reclaimed by some 'young conservatives' now.
https://clcouncil.org/media/2017/03/The-Conservative-Case-for-Carbon-Dividends.pdf (summary on pg. 3)
The ground mechanisms of the plan seem really solid, interested to hear other opinions.