Article ID Journal Published Year Pages File Type
10486964 Energy Policy 2005 6 Pages PDF
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 possibleCO2→C+O2=C+O2→CO2. 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”.
Related Topics
Physical Sciences and Engineering Energy Energy Engineering and Power Technology
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