A quick note about Emission Trading System - Carbon Credits - Open Climate Collabathon
TLDR: Fully supporting https://www.collabathon.openclimate.earth/ - I really enjoy the incentive model. Sharing some useful information that I've figured out recently. Check my book - http://genesis.re/book - it covers three most important pieces:
1️⃣ Land Use
2️⃣ Energy Storage
3️⃣ Emission Trading System
This note is primarily focused on 3️⃣Emission Trading System
There is Air Quality Index: https://en.wikipedia.org/wiki/Air_quality_index
There are at least 10 different standards, as described in the link above.
Guess what, there are multiple standards in Emission Trading too: https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BN/2012-2013/EmissionsTradingSchemes
Sovereign governments control the types of emissions units that are acceptable within the ETS that they oversee. For example, the EU ETS trades primarily in European Union Allowances (EUAs), the Californian scheme in California Carbon Allowances, the New Zealand scheme in New Zealand Units and the Australian scheme in Australian Units. However, some schemes allow the use of foreign emissions units.
New Zealand Unit ≠ Australian Unit
That leads directly to https://en.wikipedia.org/wiki/Carbon_leakage
Carbon leakage occurs when there is an increase in carbon dioxide emissions in one country as a result of an emissions reduction by a second country with a strict climate policy.
On that basis, it is of great importance to establish a unified, worldwide standard.
I was trying to figure out something fair, just, acceptable, simple to implement, easy to understand.
Put some data together.
Emissions + Energy Production + GDP + Population
https://docs.google.com/spreadsheets/d/1yXxl3MbWRq-8qI3NMzqQgx8IK7UbfQn0hWn1I0goZiU/edit?usp=sharing
There is a clear relation between GDP and Energy Production and CO2 Emissions
If the free allowances are grandfathered, then the countries that are already developed and have historically high energy usage will receive a much higher chunk of “free money”.
Developing countries that are likely to increase energy use in the future will have a hard time to afford the allowances.
On that basis using historical values is not good.
We need to figure out a new start, a new genesis block.
I think that most of the decision-makers are familiar with the concept of democracy.
1 person = 1 vote
On that basis, I am morally OK to evaluate 1 person = 1 unit
Poor countries with low emissions will simply sell, generating money, that can be invested in regenerative development.
This could be the largest wealth equalizer in the history of humanity.
A supply end of the market will be created as well by BECCS and Direct Air Capture
I think we need to find better data and simulate a few outcomes. Currently, this is just a blog post, supported by a book and some speculations observations.
Communist / socialist / marxist / leftist?
I don't know, maybe, if you really insist but read my book first: https://genesis.re/book
I genuinely think that a single rail company could operate more efficiently with 5G real-time IoT big data machine learning AI DAO on the blockchain in VR (post-capitalism)
I don't think anyone considers the J.P. Morgan a charitable guy: https://en.wikipedia.org/wiki/History_of_rail_transportation_in_the_United_States)
New York financier J.P. Morgan played an increasingly dominant role in consolidating the rail system in the late 19th century. He orchestrated reorganizations and consolidations in all parts of the United States. Morgan raised large sums in Europe, but instead of only handling the funds, he helped the railroads reorganize and achieve greater efficiencies. He fought against the speculators interested in speculative profits, and built a vision of an integrated transportation system.
Contact me directly if you want to discuss in more details.
Been hanging out at COP24 - https://genesis.re/360/cop24/ - people who attend are committed to the cause, if they were mostly about the money they would work somewhere else. We need to find a way to support them with actionable insights. Politicians and negotiators are good at politicizing and negotiating, but very few of them have the actual knowledge - https://earthscience.stackexchange.com/questions/15774/what-are-the-technical-solutions-to-measure-ceco2-emissions - I like the concept of 1 person = 1 unit because it simple, easy to understand and does not require complicated debate.
With love & rage
PS. Thinking about economic sanctions on the US for withdrawing from the Paris Agreement. Can we live without Google, Apple, Facebook, Amazon, Microsoft, Twitter?
PS. If I may recommend - have you read the Deep Adaptation paper yet? This is a podcast episode with the author - https://podcasts.apple.com/gb/podcast/dr-jem-bendell-meaning-joy-inevitable-social-collapse/id1057220344?i=1000433295127 - well worth listening... 🙌