NEW MARKET HYPOTHESISRISK COST OF CARBONCENTRAL BANK DIGITAL CURRENCY

NEW MARKET HYPOTHESIS

How to manage climate systemic risk

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RISK COST OF CARBON

Pricing climate risk into the global financial system

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CENTRAL BANK DIGITAL CURRENCY

The case for a positive carbon price

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Earth System Governance

2015 Canberra Conference on Earth System Governance

The Earth System Governance Project is the largest social science research network in the area of governance and global environmental change. The paper of Chen, Cloud and van der Beek (2015) presents an original philosophy for money, markets, and systems; and a radical new policy for mitigating climate change in the post-COP21 period. See here for an expanded (45 min.) presentation of the theoretical framework of the Global 4C policy.

‘Global 4C: World Monetary Union for Climate Change Mitigation’

by D. B. Chen, J. Cloud, and J. van der Beek

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A new monetary system is proposed for improved Earth system governance and social justice. The new theoretical framework identifies a number of false assumptions in the mainstream of economic discourse, and leads to a new macro-economic policy that combines market-based approaches with Green Quantitative Easing and digital currency technology.

Citation:

Chen D., J. Cloud and J. van der Beek (2015). ‘Global 4C: World Monetary Union for Climate Change Mitigation’. 2015 Canberra Conference on Earth System Governance: ’Democracy and Resilience in the Anthropocene’. Delton B. Chen, Jonathan Cloud, Joel van der Beek (November 20, 2015).

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