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A new climate policy that acts as preventative insurance against unwanted climate change. Earn the reward by abating or sequestering carbon; the costs are covered by monetary policy and currency trading.
Economists and physicists are called upon to design experiments that test this new hypothesis for describing the thermodynamics of multi-agent systems and scaling-up climate mitigation actions.
The carbon pricing matrix is the result of a biophysical analysis of market policies. The matrix identifies four principal policies for pricing carbon, including the new Global Carbon Reward. The biophysical analysis also identifies the Risk Cost of Carbon (RCC) as a new type of externality that complements the Social Cost of Carbon (SCC).
We are seeking sponsorship and collaborations with institutions, environmental groups, and citizens.