05 October 2018
Global Environment Funding
We must find a way to pay the cost of saving the global
environment in order to preserve a livable planet. One way to do this is to finance a trust that
will compensate those who sacrifice developing commercially viable uses of
their physicaresources (land, petroleum deposits, coal deposits, other sources of
energy, etc.). The Trust might lend, at
below-market rates, to developers and obtain repayments based on the value of
alternative uses to which they are subsequently put. The Trust would initially be funded with a
global tax based on the GDP of all countries.
How each country finances the payment will be determined by
each of them; of course, it would behoove them to avoid an inflationary spurt
in liquidity. So there will have to be a real cost to
their citizens and enterprises. Nevertheless,
we must admit that saving the planet is a global problem, and everyone, as well as
their progeny, will benefit if we continue to be able to live on it.
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