... and thank you for visiting ecoEconomics (again).
Please note: This is now a low-carbon emission website ...
... which is currently being updated, because the latest evidence and research are showing that the threat of dangerous climate change and the urgency for us to respond to that threat, has been increasing at a faster rate than anticipated and predicted not so long ago.
For example, for the first time in recorded history, the concentration of atmospheric carbon dioxide has surged past more than 420 parts per million at the Mauna Loa Observatory on the Big Island of Hawaii. Those levels are 50% above what they were when the Industrial Revolution began in Britain and according to NASA, 2020 was the hottest year ever recorded. In other words, preventing dangerous climate change has become much more urgent and difficult.
But that is not all. The COVID-19 pandemic and the war in the Ukraine are now delaying urgently needed action on climate change. Life may return to normal after the pandemic and the war, but life will never be the same if we don't act immediately and decisively to prevent irreversible climate change.
As a result ecoEconomics is adapting its strategy to limit climate change and the relaunch of this site will include strategies and solutions, everyone can support.
To limit global warming to 1.5°C, we have to leave, already, at least 80% of known fossil fuel reserves and all future discoveries in the ground. Obviously, the less fossil fuel we convert to CO2 and global warming - and the sooner we change to a renewable energy, low carbon economy, the more fossil fuel we can leave in the ground and limit climate change to the extend it may still be possible.
So, if you, too, want immediate action on climate change and support leaving the remaining fossil fuels in the ground, please continue reading.
ecoEconomics in a Nutshell - first updates:
Our free market economy is nothing more than a huge auction called 'Supply and Demand', which - very efficiently - puts a price on everything.
The problem is that this auction facilitates unsustainable growth - the exact opposite of ecoEconomics and exactly summarized by Sir David Attenborough in 2011.
The Cree Indians put it this way: "When the last tree is cut, the last river poisoned and the last fish dead, we will discover that we can't eat money."
The solution? - 'Reserve Prices on natural resourcesA reserve price, as defined by ecoEconomics, is the minimum price sellers must charge for a natural resource. This reserve price is always a percentage of the selling price - the 'Reserve Price Component' of that price.' - just like reserve prices on rare and valuable items at any other auction - easy and very effective. - A 'Reserve Price Authority' simply adjusts the reserve price of a natural resource to ensure that its supply is and remains sustainable.
If we had, for example, implemented a reserve price on fossil fuels 30, 20, even ten years ago, we would have prevented most of the increase in global warming since then and avoided the threat of catastrophic climate change.
Instead, climate change is not only beginning to be noticeable, dangerous climate change is almost unavoidable - even if we implement a reserve price on fossil fuels today and catastrophic, irreversible climate change is certain if we don't.
If reserve prices on natural resources are the solution to living within our planet's capacity to sustain us - indefinitely, why don't governments put a reserve price on fossil fuels to reduce global CO2 emissions?
The answer is very simple.
Governments want to be re-elected and they will, therefore, not put a reserve price on fossil fuels which voters cannot afford to pay ... and voters certainly could not pay a reserve price that would ensure and guarantee the sustainable use of fossil fuels.
The solution?
If governments want to introduce reserve prices on fossil fuels, they must also ensure that voters can afford to pay them ... obviously!
Alas, governments simply cannot do that - or they would surely have done it by now.
But why can governments not ensure that their citizens can pay reserve prices on natural resources, especially on fossil fuels, if it would prevent global warming and the looming climate catastrophe?
That answer is also very simple.
Governments do not control the money supply and the global banking service, which does control the money supply, would simply collapse if it wanted to or had to ensure and facilitate that all voters can pay reserve prices on natural resources, especially on fossil fuels.
So now, since almost everyone expects governments to solve our climate crisis, we are faced with a much bigger problem, because neither governments nor the global banking service can prevent the looming climate collapse.
But why would the global banking service collapse ... if it were to facilitate limiting global warming to 1.5° Celsius?
The answer to that question is a bit more complicated.
In economics, the law of 'Supply and Demand' states that prices are determined by the supply of and demand for goods and services. Obviously, if we then accept the definition of 'Demand' as the 'Ability to Pay', everyone also ought to have the ability to pay for the goods and services they need and demand.
Unfortunately, however, whoever defined 'Demand' as the 'Ability to Pay', apparently didn't realize that defining 'Demand' as the 'Ability to Pay' ... and then NOT giving everyone the 'Ability to Pay' ... corrupts the law of 'Supply and Demand'. Because prices are now determined, not only by the 'Ability to Pay', but also by the 'In-ability to Pay' for goods and services ... which, of course, reduces the potential income and profit of everyone who sells goods and services.
Even more unfortunate is the practice of manipulating the 'Ability to Pay' with interest. It has turned money into a tool to 'make money' ... to make money without work ... which has made the global banking service very profitable ... while, at the same time ... risking and causing inflations, deflations, stagflations and recessions ... to achieve that outcome ... an outcome which has also led to a huge global wealth inequality
The points to remember are that no 'Demand' is not the same as the 'In-ability to Pay' and any 'In-ability to Pay' is, in fact, 'Demand' without the 'Ability to Pay'.
Therefore, as long as the global banking service continues to define 'Demand' as the 'Ability to Pay', 'Demand' without the 'Ability to Pay' is an oxymoron.
In other words
For the global banking service to facilitate limiting global warming to 1.5° Celsius and to prevent the looming global climate collapse, it would have to provide everyone with the 'Ability to Pay' reserve prices on fossil fuels and that would break the business model of the global banking service ... and lead to its collapse.
The very inconvenient truth is that a collapse of the global banking service would guarantee irreversible climate change ... and the looming global climate collapse, guarantees the collapse of the global banking service.
But it gets worse. The next global financial crisis probably ensures both at the same time.
So now, we have a situation which Roy Scranton (@royscranton), professor at Notre Dame University describes as follows: "The problem of climate change is bigger than the New Deal. It’s bigger than the Great Depression. It’s bigger than war. The problem of climate change is the problem of how and whether human beings can live together sustainably on this planet." ... and he added: "... because the chaos it's bringing is going to supercharge every other problem." - Just one example (please read, at least, the last two, preferably six paragraphs) ... and we can now add the chaos COVID-19 and the war in the Ukraine are causing to that list of problems.
What is the most urgent remedy in this situation?
What is needed, first and more urgently than anything else right now, is the earliest possible shutdown of the fossil fuel industry ... in favor of a sustainable, global, low-carbon, eco-economy with full employment.
In fact, 'Net Zero Emissions' by 2050 will not avoid an unacceptable level of climate change. We ought to, instead, aim for 'Net Zero Emissions' at the latest by 2035 to avoid the looming climate catastrophe.
Obviously, the quickest and, as you will see, the easiest way to shut down the fossil fuel industry is to compensate the industry for the shutdown and any stranded assets.
Alas, most governments cannot afford to pay compensation that would be acceptable to the fossil fuel industry, they are unlikely to borrow money to compensate the fossil fuel industry and they will, certainly, not levy taxes, voters cannot pay, to compensate the fossil fuel industry ... if they want to avoid street protests and riots and, of course, if they want to be re-elected.
And, as pointed out above, even the global banking service cannot resolve this diabolical situation without going bankrupt.
Is our situation, therefore, hopeless? ... That depends entirely on YOU
"The difference between what we do and what we are capable of doing, would suffice to solve most of the world's problems." - Mahatma Gandhi
Every day without what we could do to limit global CO2 emissions, results in a hotter planet for everyone ... and their children and grandchildren ... for many generations to come ... and they will always know who to blame for it.
The problem ... and what is not so obvious ... is the fact that the diabolical situation we are in cannot be solved anyway ... with today's money supply ... which means that the whole global banking service is ... as it turns out ... well, you make up your own mind. ...
The point is, we are facing a very serious and urgent challenge to avoid dangerous, catastrophic and irreversible climate change ... which makes climate change ... especially climate change affecting future generations ... everybody's responsibility ... especially the business community's ... and don't say you haven't been told. ... See:
What’s wrong with money? … Too much!
and
How to define REAL money
and about a
Global Debt Conversion
And the answer to the question ... how are we going to compensate the fossil fuel industry for its shutdown and stranded assets ... to avoid dangerous, catastrophic and irreversible climate change is ... NOT with worthless Small Pieces Of Paper Or Plastic (spopops) ... but with ...
REAL Carbon Credits.
Strategies to implement the solution
Convert fossil fuels to REAL Carbon Credits . . . not CO2 emissions!
'Real Carbon Credits' (RCC) are fossil fuel credits backed by ecoEconomics and the fossil fuels, the fossil fuel industry leaves in the ground. That is why they are called 'Real Carbon Credits' (RCC) and their value will, therefore, always be determined by the RCC price for the sustainable supply and use of fossil fuels.
And that brings us back to the ambiguous definition of 'Demand' as meaning 'Ability to Pay', which, because most people have 'Demand' without the 'Ability to Pay', is not only false, but also misleading and fraudulent ... when people have to borrow the 'Ability to Pay' ... and pay ... un-payable interest ... for the 'Ability to Pay' ... to satisfy their needs and 'Demand'.
'Real Carbon Credits' solve that ambiguity.
Everyone can issue and trade transferable 'REAL Carbon Credits'
Everyone with a 'Real Carbon Credits' (RCC) account can issue and trade transferable 'Real Carbon Credits' backed by fossil fuels ... for free ... (for now) ... for goods and services they need and demand ... except fossil fuels ... until their supply is (more) sustainable. ... The only condition is that, in return, they back the 'Real Carbon Credits' they issue, with their own goods and services ... that are in demand.
In other words, everyone with an RCC account now has the 'Ability to Pay' for whatever they demand or are required to pay for. And issuing and trading free 'Real Carbon Credits' turns out to be the easiest, simplest and most effective job creation strategy for anyone looking for work.
In fact, everyone's 'Ability to Pay', as defined here, is the key, not only to respond to worsening climate change, but also to end poverty, slavery and inequality - hunger, homelessness, lack of health care ... and so on ... and so on.
But that is not all.
Everything ... to repeat, everything ... to repeat again, everything ... and again, everything needed to avoid dangerous, catastrophic and irreversible climate change and to adjust to already unavoidable climate change can, now, be paid for ... allowing governments to mandate any measure necessary, to repeat, any measure necessary to solve our climate emergency. - The only question is who is going to pay for urgent measures to limit global warming to 1.5 degrees Celsius ... with REAL Carbon Credits ... without a government mandate? ... Who, if not ecoEconomics?
Earn REAL Carbon Credits (RCC) ... for leaving fossil fuels in the ground
Every REAL Carbon Credit you earn ... represents a climate change cost we avoid.
The most efficient and effective way to limit global warming to 1.5 degrees Celsius, would be to immediately leave more fossil fuels in the ground.
And the most efficient and effective way to immediately leave more fossil fuels in the ground, would be for employees to buy back their company's shares ... because the shares not owned by them ... cause the global business community's single biggest avoidable CO2 emissions ... and ... global warming ... which is threatening to exceed 1.5 degrees Celsius in the next few years.
Obviously, employees cannot afford to buy back their company's shares ... or it would have happened by now ... after all, it makes good business sense ... and they would benefit from it ... but ... there is also no one with the money who could and would fund the buyback of shares for them ... not even the banks!
To solve this problem ... ecoEconomics can do what the banks should be doing ... but CANNOT do without breaking their business model ... and going out of business ... So ...
... also to avoid the collapse of the global banking service ... and its consequences ... which would be catastrophic for societies, the environment and climate change ... and to avoid that catastrophe ...
... ecoEconomics ... offers to buy back all shares ... for the employees of listed companies ... not with (spopops) money ... but with REAL Carbon Credits (RCC) ... because we are running out of time to limit global warming to 1.5 degrees Celsius ... and, of course, to give shareholders the opportunity to earn RCC ... for leaving fossil fuels in the ground ... but also to avoid ending up paying reserve prices on fossil fuels ... if they don't.
In other words ... the 'REAL Carbon Credits' shareholders can earn are ... 'REAL' ... because they are backed by the fossil fuels they leave in the ground ... which remain in the ground ... because 'REAL Carbon Credits' CANNOT be spent on fossil fuels ... until their supply becomes (more) sustainable ... but RCC can, of course, be spent on everything else in the meantime.
However ... climate change has already so far advanced that ... even if shareholders sell all their shares back to company employees for REAL Carbon Credits ... there is no guarantee that it will prevent ... NOT ... exceeding 1,5 degrees Celsius of global warming ... but it is still the best precautionary measure ... to limit global warming to 1,5 degrees Celsius ... available to us today ... especially in view of this quote from that link:
"If there are threats of serious or irreversible environmental damage, lack of full scientific certainty should not be used as a reason for postponing measures to prevent environmental degradation."
ecoEconomics' aim is, therefore, to make sure we don't exceed 1.5° Celsius ... because limiting climate change to 1.5° Celsius ... also limits the cost of climate change ... and the RCC price ecoEconomics will pay for shares ... not already owned by employees ... is also meant to simulate the cost of global warming and climate change ... from January 01, 2020 to December 31, 2030 (4018 days) ... and is, in fact, actually, really going to cost shareholders one (1) RCC ... per day ... per share over that period ... unless they sell their shares back to the company employees ... see ...
| REAL Carbon Credits (RCC) share buyback prices for the period from January 01, 2020 to December 31, 2030 |
|
| Yesterday | |
| Today | |
| Tomorrow | |
In other words:
The sooner you sell your shares for RCC ... the better for the climate.
The sooner you sell your shares for RCC ... the more profitable for YOU.
In fact, it is the easiest and smartest way to profit from ... climate change.
In addition ...
... listed companies can, of course. buy back their shares directly and earn the same number of RCC for each share as their shareholders ... (see above share buyback prices) ... to maximize profits and ... at the same time to ... actually ... really ... leave fossil fuels in the ground ... which CANNOT be sold or bought for RCC ... and, therefore, also to meet their 'Net Zero' commitments ... instead of buying expensive (questionable, fake or scam) carbon offsets ... which certainly don't have the same immediate effect as leaning fossil fuels in the ground.
In fact, buying back company shares to earn RCC, also makes 'Net Zero' commitments profitable ... especially when companies start to trade/barter RCC with other companies to support and achieve 'Net Zero' ... preferably earlier than 2050 ... i.e. as soon as possible!!!
And if your company cannot buy back its shares, at least start selling some goods and services for RCC ... to keep fossil fuels ... already in the ground ... in the ground ... because RCC cannot be spent on fossil fuels ... until their supply is (more) sustainable.
Unfortunately ...
... ecoEconomics (eE) cannot transfer RCC for leaving fossil fuels in the ground ... until the launch of eE's 'RCC App' to facilitate RCC transfers ... but that does not mean that you can't start to earn REAL Carbon Credits (RCC) ... for leaving fossil fuels, directly or indirectly, in the ground.
The point is: RCC can be spent on renewable energy ... but NOT on fossil fuels.
Finally, here is a competition for the IT industry to provide ecoEconomics (eE) with a suitable, very simple 'REAL Carbon Credits app' (RCC App) to facilitate RCC trading on a global scale ... a competition, which is, at the same time ... designed to also simulates the urgency and cost of measures to limit global warming to 1.5° Celsius ... because eE will pay the winner of this competition ... in addition to the cost of the app in RCC ... one (1) RCC per minute ... backdated to January 01, 2020 ... which, at this moment amounts to ...
RCC
... a cost to eE, which is increasing ... to simulate the cost of global CO2 emissions, global warming and climate change to society ... by one RCC every minute ... until we have a winner of this competition to launch the 'RCC App'.
The point is: The cost of global warming and climate change is increasing by much more than one RCC every minute ... increasing, in fact, by much more than our ability to pay for the looming consequences.
The sooner we, therefore, launch eE's 'RCC App', the more profitable eE's share sell/buyback will be ... not only for listed companies' employees ... but for everyone affected by climate change ... especially future generations.
Reminder: If you want to take advantage of today's share sell/buyback price ... after the launch of eE's 'RCC App' ... let ecoEconomics know ... NOW.
Ignoring the fact that it is impossible to pay interest on money ... if you wanted to borrow money to limit global warming to 1.5° Celsius ... you would ... NOT ... get any money.
Why? ...
... Because there is no way to make a profit ... limiting global warming to 1.5° Celsius ... to repay a loan ... and pay interest ... that is ... to pay someone an income without work ... or someone would be doing it by now ... considering the urgency to stop global warming.
eE solved that problem ...
... with RCC ... because the only way to get people to leave more fossil fuel in the ground ... is to pay them for it ... and there is, obviously, still no profit to be made leaving fossil fuels in the ground ... to the contrary ... that's why banks won't do it ... even though, considering the urgency, they should.
The obvious conclusion ...
... must, therefore, be that we won't succeed to limit global warming to 1.5 even two and more degrees Celsius ... without REAL Carbon Credits ... for leaving fossil fuels in the ground.
All other solutions ...
... on offer ... won't leave ENOUGH fossil fuels in the ground ... IMMEDIATELY ... which are the two most important prerequisites ... while we have only a very, very small chance left ... to limit global warming to 1.5° Celsius.
Global warming has put all of us on the Titanic ... the only difference ... WE know the looming outcome this time ... if we don't 'slow down' and leave the fossil fuels in the ground ... required to be left in the ground ... to limit global warming to 1.5° Celsius.
So remember: Every ... every ... every ... RCC ... you earn ... spend ... or save ... leaves fossil fuels in the ground ... until YOU spend ... RCC ... on fossil fuel ... when its supply has become (more) sustainable.
How about leaving fossil fuels in the ground ... for your children and grandchildren!?
And thank you ... if you follow ... ecoEconomics on Twitter ... for more announcements, updates and tips.
Earn REAL Carbon Credits (RCC) ... for keeping fossil fuels in the ground
For the time being ... until there is a reserve price on fossil fuels (see What's the problem?) ... it is not possible to spend REAL Carbon Credits (RCC) on fossil fuels ... sold in unsustainable quantities ... from unsustainable supply sources. ... (It wouldn't make sense to pay RCC to leave fossil fuels in the ground ... to limit global warming and climate change ... and then spend ... REAL Carbon Credits ... on unsustainable use of fossil fuels.)
Unfortunately ... many people who support the sustainable use of fossil fuels still depend on some unsustainable use of fossil fuels ... and the easiest way for them to satisfy this need is to ... buy some local currencies with RCC ... to allow them to buy the fossil fuel they need ... without spending RCC on fossil fuels ... they or others left in the ground.
This strategy is an opportunity ... not just for currency dealers ... but for anyone ... to earn RCC for keeping fossil fuels in the ground ... and ... in fact ... depending on the demand for unsustainably sourced fossil fuel ... the price of local currencies ... creates a very valuable token reserve price on fossil fuels ... and an incentive to promote and invest in cheaper ... affordable ... renewable energy.
A basic income for women ... for leaving fossil fuels in the ground
The world population ... is now increasing, in rounded numbers, by close to ...
The problem is that 60 years (two generations) ago there were only about three billion people on Earth. Today there are over eight billion ... over 2½ times as many ... and Sir David Attenborough had something to say about that already in 2011:
Today ... there are more problems, not less.
.. and the Earth is warming. ... We now realize that the disasters ... afflict(ing) the ... natural world have one element that connects them all - the unprecedented increase in the number of human beings on the planet.
... climate change tops the environmental agenda at present. We all know that every additional person will need to use some carbon energy ... and will, therefore, create more carbon dioxide.
... and global warming ... until we start leaving fossil fuels in the ground ... and change to a renewable energy, low carbon economy.
In other words ... a two billion ... 25% increase ... of the global population ... from eight to ten billion ... by 2050 ... is unsustainable ... and makes limiting global warming to 1.5° Celsius ... even more difficult ... if not impossible.
And ... Melinda Gates added already in 2012:
Obviously, if women had fewer children ... women ... to repeat ... WOMEN ... would leave very much fossil fuel in the ground ... fossil fuel only women can leave in the ground ... to limit global warming to 1.5° Celsius and an acceptable climate for their children.
Obviously again, to raise global living standards, especially to feed nine billion people ... that is an additional one billion children ... will be easier than to raise and maintain the living standards of ten billion people ... an additional two billion children ... by 2050.
Only women can best reduce and limit the present unsustainable global population increase to a sustainable level ... with fewer children ... children they really want.In fact, when women can afford to pay for their birth control measures, it is also profitable to make them available to them ... everywhere.
ecoEconomics (eE) will, therefore, pay women a basic 'REAL Carbon Credits' income for having fewer children ... starting with a basic income that will be adjusted ... after the launch of eE's 'RCC app' ... with the aim to support and achieve a humane living standard for all ... and ... of course ... as soon as possible.
| Women's Basic Income (WBI) | ||
| Weekly REAL Carbon Credits (RCC) Income | ||
| Children | Basic RCC income | Or alternative basic RCC income |
| None | 3000 | 100000 for teenage girls at age 20 |
| 1 | 2000 | 2000 + 1000 from the father |
| 2 | 1000 | 1000 + 2000 from the father |
| 3+ | 0000 | 3000 for each child from the father |
Women may, of course, have as many children as they like. But if they have more than two, they also ought to be able to look after them ... and may even be charged a 'reserve price' for having more than two children ... because any increase in the global population affects the present and future living standards of everyone with only two children ... negatively ... especially during efforts to reduce the global population to a sustainable level.
For women who want to have children ... especially more than two children ... it may be time to consider adopting children ... to maintain their basic income.
| Women's Basic Income (WBI) | |||
| Weekly basic REAL Carbon Credits (RCC) Income | |||
| Children | ... own | ... adopted | ... difference |
| None | 3000 | 3000 | = |
| 1 | 2000 | 3000 | +1000 |
| 2 | 1000 | 3000 | +2000 |
| 3+ | 0000 | 3000 | +3000 |
eE will start paying women the basic income as soon as eE's 'RCC App' has been launched ... and the payments will be backdated up to a year ... to facilitate the immediate introduction and use of RCC on a bigger and more useful, global scale.
If you support eE's WBI for women and teenage girls ... please spread the word in your social media for global support.
Offer to pay off debts with REAL Carbon Credits (RCC)
Offer to pay off your debts with REAL Carbon Credits ... to leave fossil fuels in the ground.
If your creditors don't accept your offer ... blame them for climate change ... and ...
stop paying interest on your debts ... if you haven't ... yet.
Sell your spopops money ... to leave ... more ... fossil fuel in the ground
Now that you won't any longer get interest on money ... sell your worthless spopops for REAL Carbon Credits (RCC) ... to leave more fossil fuel in the ground ... it may even be more profitable ... than the interest and the income without work ... you used to receive.
In fact ... governments with principle ... ought to recommend and support selling spopops for RCC ... to leave more fossil fuel in the ground ... and to ... in the process ... reverse the 'Ponzi' effect of ... fractional reserve banking.
How to preempt the looming collapse of the global banking service
Everyone in the world is already being affected by global climate change ... most of them negatively ... and many will be affected very negatively ... in the years to come ... and ... as pointed out above ... the global banking service cannot prevent this ... even if it wanted to ... because it would break its business model ... and, not only, lead to its collapse ... but also guarantee the looming collapse of the global climate ... and ... irreversible climate change.
The greatest and most valuable contribution the global banking service could, therefore, make ... to benefit everyone in the world ... is to support ecoEconomics' urgent measures to limit global warming to 1.5° Celsius ... and the opportunity to do just that ... and to make good past failings and mistakes ... has just arisen ... and ecoEconomics recommends to name, shame and boycott any bank ... which does not take advantage of this opportunity to preempt ... Henry Ford's prediction of 'a revolution before tomorrow morning' ... which would also guarantee the already looming global climate collapse.
Because now ... after ... it has been shown that it is impossible to pay interest on money ... and the global banking service's business model of charging interest on money ... to 'earn' incomes without work ... which has made banks very profitable in the past ... has collapsed ... and the global banking service is, therefore, in fact ... insolvent ... the smartest thing banks can do now ... to preempt a run on banks and ... certain collapse in their present form ... is to get a ... REAL Carbon Credits ... account.
And as a first step ... to start earning REAL Carbon Credits (RCC) ... for leaving or supporting ... leaving fossil fuels in the ground ... fossil fuels which are urgently needed ... to be left in the ground ... to limit global warming to 1.5° Celsius ... and avoid irreversible climate change ... banks ought to cancel all interest on debts ... and ask their debtors to repay any remaining principle of their debts ... with REAL Carbon Credits (RCC) ... as part of ecoEconomics' ... 'Global Debt Conversion' ... to RCC ... which they are unlikely to refuse.
And because global debt conversions to RCC ... immediately ... leave more fossil fuel in the ground ... and reduce global CO2 emissions, global warming and climate change ... ecoEconomics will pay banks ... a ten percent (10%) RCC reward for every ... 'Global Debt Conversion' ... of their debtor's debts to ... RCC.
As the second step ... banks ought to advise their creditors that ... as a result of their business model's collapse ... they are unable to repay their debts ... UNLESS creditors accept the banks' offer to repay their debts with ... REAL Carbon Credits (RCC) ... again as part of ecoEconomics' ... 'Global Debt Conversion' ... and ecoEconomics will again add a ten percent (10%) RCC reward ... for accepting the banks' offer.
In fact ... again because global debt conversions to RCC ... immediately ... leave more fossil fuel in the ground ... and reduce global CO2 emissions, global warming and climate change ... creditors who DON'T accept a bank's offers to convert their credits to RCC ... can, obviously, be blamed and be held responsible and liable for ... increasing global warming and climate change ... along with the fossil fuel industry ... and, therefore, expect to be charged a reserve price on fossil fuel ... instead of being paid interest on their credits.
But why would creditors ... prefer to be blamed for global warming and climate change ... and risk to lose their money ... to accepting an offer of a debt conversion to REAL Carbon Credits ... which would leave fossil fuels in the ground ... from a bank that is trying to preempt its collapse? ... It just doesn't make sense.
The best third step to preempt a bank's collapse ... would have to be to buy back its shares ... for its employees ... with free REAL Carbon Credits.
Banks can offer their shareholders ... double ... the US$ equivalent RCC share price ... until the launch of ecoEconomics' 'RCC App'. An offer they are unlikely to reject.
See: 'Earn REAL Carbon Credits (RCC) ... for leaving fossil fuels in the ground' ... above.
Another opportunity ... for banks to start earning REAL Carbon Credits (RCC) ... see ... 'Earn REAL Carbon Credits (RCC) ... for keeping fossil fuels in the ground' ... above.
And another opportunity ... is to facilitate the sale of local currencies for REAL Carbon Credits ... for people ... who decide to support leaving fossil fuels in the ground ... and to earn RCC ... because they can no longer earn interest on their money.
See: 'Sell your spopops ...' above.
The point is: A new business model for banks ... which aims to solve our global climate crisis ... instead of 'earning' incomes without work ... is unlikely to collapse in the near future ... and, therefore, offers banks many opportunities to get profitably involved ... in solving the many problems we are facing ... not just climate change ... it's all a question of 'Supply and Demand' ... and demand for new, better and acceptable solutions ... is huge.
ecoEconomics' (spopops) loan calculator
RCC sales and profit calculator
Climate scientists, in general, agree that we will have used up our global carbon budget by 2030 - in (you do the math) ... years for 1.5° or by 2035 in (you do the math) ... years for 2°.
The very inconvenient truth is, therefore, that 'carbon neutral' by 2050 is not an alternative to our carbon budget and to limiting global warming to 1.5° C or 2° C - especially not if it involves removing and storing 3.67 tonnes of excess CO2 from the atmosphere after 2050 for every one tonne of excess carbon burnt.
Our only chance now to limit global warming to 1.5° Celsius is the earliest possible shutdown of the fossil fuel industry - with compensation for the shutdown and any stranded assets.
Here is our climate change dilemma:
Our biggest, most difficult and most urgent, short-term climate change problem and challenge is the fact that we are running out of time to limit global warming to 1.5° Celsius and that the easiest, quickest and safest way to solve this problem ... would be, very simply, to leave fossil fuels in the ground and to compensate the fossil fuel industry for its shutdown and any stranded assets ... and for the fossil fuel industry to invest the compensation in the renewable energy industry ... in other words, to switch from fossil fuel mining to solar energy mining ... and a more profitable and greener future.
In fact, to leave whatever fossil fuels we have left, in the ground ... to leave that 'black gold' in the ground ... for future generations living during the next ice age ... when the 'black gold' we leave in the ground today will certainly be worth a lot more than converting it into CO2 today ... makes a lot more sense than to heat up an already too hot planet ... even more.
Unfortunately, we cannot simply leave fossil fuels in the ground and shut down the fossil fuel industry without severely disrupting the global economy ... that is, without reducing global fossil fuel consumption and CO2 emissions first. Obviously and even more unfortunate is the fact that the longer this will take, the more disruptive already noticeable climate change will become ... not only for the global economy, but also for the environment and, especially, for the global climate itself.
For example: Driving an EV does not reduce global CO2 emissions ... unless it actually leaves fossil fuels in the ground ... and that is unlikely to happen ... especially in the near future ... without a cap or a reserve price on fossil fuel consumption ... even 'Net Zero' will not change that ... to the contrary.
ecoEconomics, however, offers a very simple, easy, quick and even profitable way to solve this problem and challenge. See Strategies to implement the solution and 'Earn REAL Carbon Credits (RCC) ... for leaving fossil fuels in the ground.'
Funding the compensation for the earliest possible shutdown of the fossil fuel industry is, therefore, easy and straight forward. All fossil fuel miners and governments have to do is to support it. Unless they do, immediately, we will run out of time to avoid irreversible climate change - with catastrophic outcomes, not only for human societies and civilization, but for all life on planet Earth.
And don't forget, the business model of the global banking service cannot and is not designed to fund the shutdown of the fossil fuel industry. It is even less designed and able to avoid the looming climate collapse.
ecoEconomics compensation for the shutdown of the fossil fuel industry, however, gives almost everyone - except those proverbial donkeys - a very good reasons to support the earliest possible shutdown of the fossil fuel industry - if only as a strategic precaution. And here is that quote again from that link:
"If there are threats of serious or irreversible environmental damage, lack of full scientific certainty should not be used as a reason for postponing measures to prevent environmental degradation."
If this doesn't motivate you to insist on the earliest possible shutdown of the fossil fuel industry in favor of a sustainable, global, low-carbon eco-economy with full employment - as a precautionary measure, maybe this will ... or this ... or this.
To summarize:
It is now impossible NOT to exceed 1.5° and even 2°Celsius of global warming without shutting down the fossil fuel industry.
We are heading for 1.5° Celsius of global warming from as early as 2030, in (you do the math again) ... years - which climate scientists are beginning to refer to as the point of no return for preventing 'hothouse Earth'.
Add to this the fallout of the COVID-19 pandemic, and we really have a problem to avoid that point of no return.
Therefore:
Unless someone has a better solution than the earliest possible shutdown of the fossil fuel industry in order not to exceed 1.5° of global warming ...
... and in view of the predicted irreversible climate change and its consequences, not only for the human race, but for all life on planet Earth if we DO exceed 1.5° of global warming, ...
... it will be the biggest ever committed crime against humanity and our planet ...
... if fossil fuel miners, the banks and governments do not support 'REAL Carbon Credits' compensation for the earliest possible shutdown of the fossil fuel industry.
One more thing ...
... if anyone still needs a reason to justify the earliest and quickest possible shutdown of the fossil fuel industry ...
What happened to our duty to leave our children a better world than we inherited?
Now there is proof.
The COVID-19 pandemic clearly shows that the business model of the global banking service simply cannot respond to the huge need and, therefore, demand for goods and services, created by the pandemic.
In other words, the global banking service cannot respond to that demand - even if it wanted to ...
Again, the global banking service's business model would collapse if it wanted to or had to resolve these demand and supply problems and the solution is the same as for the global banking service's inability to prevent irreversible climate change. See: What's the solution?.
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Please DO NOT provide us with information we DO NOT need to serve you, i.e., to provide you, for now, with COVID-19 and CLIMATE EMERGENCY solutions to reduce the fallout of the pandemic and to limit global warming to 1.5° Celsius. - Thank you!
Convert fossil fuels to REAL Carbon Credits . . . not CO2 emissions!