Wikipedia:
"The term 'honorable businessman' describes the model for responsible participants in economic life that has grown historically in Europe. It stands for a pronounced sense of responsibility for one's own company, for society and for the environment. An honorable businessman bases his conduct on virtues that are aimed at long-term economic success without conflicting with the interests of society. He operates sustainably."
However, ethical behavior as a merchant, or as a participant in the capitalist economic system in general, is only possible to the extent that competition allows. In other words, if my competitor does not behave in accordance with this code of the "honorable merchant", it is no longer possible for others to do so either, as otherwise they will lose their ability to compete. Therefore, in the context of one of the most pressing problems of our time, the fight against climate change and the associated need to reduce emissions, we should decouple the profit motive from ecological necessities.
Personal tradable emission budgets offer the possibility for such a system change. Realized through a complementary resource currency as a CO2 equivalent. This free ecological basic income is made available to all citizens to pay for their individual CO2 consumption.
A concept for an initial introduction at EU level is available in the form of the ECO climate currency model and is supported by renowned climate scientist Professor Schellnhuber, among others.
Visit the SaveClimate.Earth website to find out more about this idea.
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