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Global Carbon Reward | Delton Chen

Planet: Critical

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Global Carbon Reward: A Solution to Fossil Fuel Dependency

The chapter explores the concept of a Global Carbon Reward as a solution to the excess extraction of fossil fuels and the challenges in transitioning to renewable energy. It discusses the potential benefits of buying out environmentally sensitive fossil fuel resources and investing in renewables, as well as the complexities of existing contracts and the need for a transparent carbon market system. The conversation delves into the implications of wealth distribution, emissions imbalances, and the use of rewards and penalties to incentivize carbon emission mitigation.

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