“Incoming Chair Yellen can take steps to de-link economic growth from increased carbon emissions in several ways. She can include carbon emissions as an indicator necessary for national prosperity. She can make a carbon cap a part of the Fed’s operations. This could take the form of a declining number of annual allowances to banks that provide loans to the energy and oil industry. The Federal Reserve could create levers to allow for additional economic growth in low-carbon activities, while reining in high-carbon industries. Perhaps most importantly, she can harness the unique power of money creation to help people through the transition to a low-carbon economy.”
Related posts:
How a total n00b mined $700 in bitcoins
Bitcoin Documentary: Bankers' Worst Fear
US military provided Assad with intel on CIA-supported extremists
Apple may buy 1/3 of world’s gold production to meet iWatch demand
South America Can Now Crowdfund With Bitcoins
Most Secure Bitcoin Wallet Armory Raises $600k Led by Trace Mayer
BitShares P2P trading platform to offer dividends on bitcoins
The State Protects Their Sports Gambling Interests
"Their Lives Were Ruined": Victims Of CIA MK-Ultra Brainwashing Plan Lawsuit
India's Cash Ban Leaves At Least 47 Dead, So Far
Popular dolls transmit kids’ conversations to US military contractor
Minnesota Wrong Door Raid
Americans Are The Most Spied On People In World History
It Looks Like Obama Miscalculated
Argentina Bans All Advertising