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13: Could a New Global Currency Help Avert the Climate Crisis?

Pricing Nature

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Introduction

Carbon credits can generate funding for projects that mitigate climate change. Some folks in the climate policy space have an idea to create an entirely new currency, which would be paid out to companies and individuals who verifiably mitigate carbon omissions. But even if this debatable idea has merit, could we implement it soon enough? It might mean a significant reconfiguration of the global financial system.

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