Ending profits from fossil fuels
A more detailed look at Global Carbon Compensation
The challenge facing humanity can be summarized as follows:
Our current economic system requires everlasting growth.
We live on a planet that cannot support further growth.
It follows that we need immediate and fundamental system change. Note the words immediate and fundamental; it is a bit late in the day for research and incremental approaches.
Unfortunately, the power structures of our society prevent these changes. The people who got rich and powerful from the existing system have little incentive to change it.
Therefore, the rich and the powerful (the RIPs) need to be “convinced” to change. One way to do so is to ensure that they cannot make money anymore.
Global Carbon Compensation would initiate the necessary system change by invalidating any business model heavily dependent on fossil fuels. It is based on the assumption that whereas capitalism is beyond repair, the market economy can still be useful, provided that the incentives are right and everyone has enough money to participate.
For far too long, we have tried to outsource the climate crisis to politicians, scientists, and engineers. With Global Climate Compensation, every nation, corporation, and individual on the planet would have a financial interest to do something about it.
The following whitepaper describes the concept in more detail:
Please share far and wide and wide if you like the idea. I am looking forward to your feedback.
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