Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10486964 | Energy Policy | 2005 | 6 Pages |
Abstract
This paper builds a basic theory of “Carbon-Money Exchange” in which carbon as currency in nature's household (ecosystems) and money as currency in humankind's household (economy) are exchanged just like in a foreign exchange. The simple chemical equation below makes it possibleCO2âC+O2=C+O2âCO2. The left-hand side represents the work of plants to remove atmospheric CO2. The right-hand side represents the work of humans as fossil fuel consumers to produce it. The exchange of the two currencies is possible by copying the fossil fuel market. The paper concludes that this new exchange can automatically contain global warming and deforestation, replacing onerous emissions trading. Moreover, it could revolutionize the conventional economy, creating counter-capitalism, or “carbonism”.
Keywords
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Kozo Nagase,