Carbon currency has the potential to be the catalyst that can drive businesses to finance projects that fight climate change. This idea was put forward by the founder and project director of Global Carbon Reward, Delton Chen. According to him, for too long, domestic politics and international relations have driven policies that impact climate change.
The other ideas proposed by Chen include the following:
- Provisions to purchase carbon currency by central banks
- Issuing carbon currency to those who have mitigated greenhouse gas emissions
- Turning the cost of climate mitigation into an investment
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