The personal carbon trading model
A recent study shows that a majority of Germans are calling on politicians to step up climate protection. However, when it comes to sanctioning climate-damaging behavior through higher prices, this is met with rejection.
An ambivalent relationship that should give us food for thought. This is the result of a recent study conducted by the opinion research institute Pollytix on behalf of the Friedrich Ebert Foundation. 71% of respondents encourage politicians to actually adhere to climate targets once they have been agreed. At the same time, 49% believe that higher prices are a bad idea to reduce climate-damaging behavior.
How can we resolve this contradiction and promote effective climate protection?
This is where personal carbon trading comes into play. The organization for sustainable economics - SaveClimate.Earth has developed this concept further and offers a promising alternative to traditional approaches with its ECO climate currency model.
What is personal carbon trading?
With Personal Carbon Trading (PCT), every citizen receives a personal, tradable emissions budget. Whenever fossil fuels are consumed, the corresponding CO2 equivalents are deducted from the personal climate account. Those who consume less can sell their unused quota on a pro rata basis.
Why does PCT not cause additional regulatory price increases?
Higher prices can be socially unacceptable and hit low-income groups particularly hard. PCT offers a fairer alternative that emphasizes individual self-efficacy while respecting planetary boundaries. In contrast to the current system, CO2 reduction is not achieved by making climate-damaging consumption more expensive, but through the control potential of personal emissions budgets. These define the ecological guard rails that apply equally to everyone and within which everyone decides for themselves how they integrate climate protection into their lives and not whether.
SaveClimate.Earth is committed to ensuring that the concept of the ECO climate currency enters the public and political debate as a socially just alternative to the CO2 tax and EU ETS. Because climate protection is not optional - there is no alternative. 🌿
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