January 2019 This is a presentation and discussion of the book chapter recently published by Springer (Open Access): “Hypothesis for a Risk Cost of Carbon: Revising the Externalities and Ethics of Climate Change”. https://link.springer.com/chapter/10…. The background to the new economic theory is provided, including questions and answers regarding the proposed policy for a ‘Global Carbon…
The Road to ‘Hothouse Earth’ is Paved with Good Intentions Enno Schröder and Servaas Storm∗ + Working Paper No. 84 November 2018 See the article here: https://www.ineteconomics.org/research/research-papers/economic-growth-and-carbon-emissions-the-road-to-hothouse-earth-is-paved-with-good-intentions Download the paper here: https://www.ineteconomics.org/uploads/papers/WP_84.pdf Conclusions: Optimism, Pessimism and Realism According to the latest IPCC (2018) analysis, humanity has until 2030 to avert a global warming catastrophe and keep…
The Intergovernmental Panel on Climate Change will release a new report on 8th October concerning the ambition of avoiding more than1.5C of global warming. Here are some comments from an article in the Guardian that refer to ‘risk’ and ‘structural changes’: “While it’s technically possible [to remain below 1.5C], it’s extremely improbable, absent…
The Indian Prime Minister Narendra Modi has approved a Memorandum of Understanding (MoU) on collaborative research on distributed ledger and blockchain technology for economic development. Participating institutions are the Export-Import Bank of India (Exim Bank) and BRICS member banks—under the BRICS Interbank Cooperation Mechanism—including, Banco Nacional de Desenvolvimento Economico e Social or BNDES of Brazil, China…
The central bank of Thailand is developing a prototype digital currency for trading. The central bank expects to complete the first phase of their proof of concept by March 2019. The goal is to use the digital currency to facilitate interbank transfers in the wholesale funds market. https://www.coindesk.com/thailands-central-bank-is-developing-a-digital-currency-based-on-r3-tech/ According to the press release, the ultimate goal…
CFA Society Speech: How To Understand Economics and The Financial Markets In The Post-Bretton Woods World, Sao Paulo August 2017 When Money ceased to be backed by Gold fifty years ago, the economy began to function in a fundamentally different way. Richard Duncan explains the policy and investment implications of this radically new economic environment….
Garrick Hileman, University of Cambridge.
Dr. Delton Chen, lead author of the Global 4C policy, writes about the utility of blockchains for financing climate mitigation. The article covers carbon markets, cryptocurrencies and other unique opportunities to improve accountability in carbon markets and to develop renewable energy micro-grids. Dr. Chen argues that the blockchain could be a game changer if combined with…
The Silver Gun Hypothesis: New Model for a Sustainable Carbon Economy Dr. Delton Chen is writing a five-part essay on the Stanford MAHB to explain the Holistic Market Hypothesis (HMH) which underpins the Global 4C policy. The article refers to the HMH as the “The Silver Gun Hypothesis”. This new name is used to popularise…
