Listen now | Henrik Nordborg is a physics professor at the Eastern Switzerland University of Applied Sciences, and program director for the university’s Renewable Energy and Environmental Technology. He has developed the Global Climate Compensation Fund, a plan to tax fossil fuel companies and redistribute those funds to every nation around the world. He explains why a fund is necessary, the key differences between GCC and other carbon tax proposals, and why redistributing the funds to developing nations is crucial.
In principal a wonderful idea, but can you imagine the headline "World governments agree to implement a Global Climate Compensation Fund"?
In Jason Hickel's book or in one of his interviews he describes how the annual net transfer of wealth is something like 2 trillion dollars from global South to global North (or from the Exploited to the Exploiters as Henrik describes them). Maybe something like the GCCF is the way to tackle this..but how to get there? Where are the politicians who would advocate for this?
rationing? social justice demands a system outside of current economic paradigm where there's the accepted usage for creature comforts but zero for luxury consumption and consumerism. over the past 9 podcasts i find myself also drifting toward accelationism, stagflation will erase consumerism. 28:19 "things don't change because people suddenly become more clever, or rational ... it changes because suddenly it's impossible to keep up this conventional wisdom",