Who will pay to stabilize the climate at the speed and scale needed?
In this episode, Dr Delton Chen (Brisbane, Australia) joins host Vivi Lin (Shanghai, China) in a frank discussion about Web3, the limits of decentralized finance, carbon markets, and the Global Carbon Reward; a policy based upon Central Bank Digital Currencies to reduce and remove carbon at the speed and scale needed to stabilize the climate. This concept has been popularized by the book Ministry of the Future by Kim Stanley Robinson. The cost of stabilizing Earth's climate could cost $100 trillion US dollars this century — who will pay for it?
Dr. Delton Chen founded the Global Carbon Reward initiative in 2013. Mr Chen is a qualified civil engineer and geo-hydrologist, and he holds a Ph.D. in engineering from the University of Queensland, Australia. Delton did his doctoral research on the hydrology of a coral cay in the Great Barrier Reef, and he has 20 years of combined experience in groundwater management, environmental impact assessment, geothermal energy and climate mitigation. Delton is a thought-leader in the development of public policies based on Central Bank Digital Currencies, and is a member of the Blockchain Climate Institute. Delton founded the “Global Carbon Reward” initiative to help reduce and remove carbon at the speed and scale that are needed to stabilize the climate and meet the 2015 Paris Agreement. Delton believes that the Global Carbon Reward can fill the funding gap for climate mitigation and help protect communities and ecosystems from the ravages of climate change and over-consumption.