Carbon News - Intelligence for the carbon market

Economist proposes carbon backed currency

Thursday 27 Jan 22 10:30am

 

 

WITH alternative coins flourishing and Central Banks designing their own digital currencies, there is a potential hard-backed currency which cannot be ignored: carbon. Using carbon to back a global currency would redistribute wealth, incentivize low carbon technology and avoid the environmental taxes which hit the world’s poor the hardest, writes Australian economist Steve Keen.

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