London Futurists's video: A Carbon Currency based on Carbon Allowances

The price of energy, the exploding cost of living, and unexpectedly severe climate impacts have people and politicians across the UK and Europe discussing the possibility of energy rationing. Bear in mind the skewed distribution of income in the UK: whilst a Briton with the mean salary could cope with a sixfold increase in energy costs, the median Briton could not. The threat of resulting social breakdown may lead the government to adopt radical measures. What alternatives should be considered? In this London Futurists webinar, which took place on Saturday 8th October 2022, Adam Hardy and Steve Keen presented a proposal for a dual price system where carbon is allocated equally to citizens in a framework that replaces carbon taxes and emissions trading systems. Those that consume more carbon than the average must buy it off those who consume less, using a market mechanism. This proposal shares the burden of the huge rise in energy costs proportionately compared to income, and puts strong pressure on individuals and corporations to reduce carbon consumption, by both changes in behaviour and innovation. The event was introduced and moderated by David Wood, Chair of London Futurists. EcoCore's proposal for a carbon currency based on carbon allowances is described here: https://ecocore.org/proposal/. To consider helping to fund EcoCore, visit https://www.patreon.com/ecocore Prof Steve Keen posts his work at https://www.patreon.com/ProfSteveKeen, where you also have the option to support his research. For more details about the event and the speakers, see https://www.meetup.com/london-futurists/events/288452862/