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You're proposing to keep trading records of the quotas of literally billions of people, many of whom are illiterate, and a good proportion of whom would have no idea how to trade their quota for cash?
by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat Jul 26th, 2008 at 10:36:10 AM EST
thus my comment about the possibilities for fraud being endless.

One solution is to give the money to their governments, a very unsatisfactory proposition in many ways.

Another is to find imaginative ways to do the distribution, maybe via mobile phones, something which is getting almost universal, is close to each individual and already involves monetary payments.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (jeromeguillet@yahoo.fr) on Sat Jul 26th, 2008 at 11:27:55 AM EST
[ Parent ]
This seems terribly naive, though. Didn't the Russians implement just such a scheme in the 90s when the Soviet Union was dismantled? Every citizen received a voucher for shares in the national assets, and soon much of the wealth was concentrated in the hands of the oligarchs.

A individual carbon quota distributed world wide would suffer the same fate: most ordinary people in the world will have no use for it, as it has no barter value between individuals, so the quotas will end up being collected by local oligarchs and dictators (in developing countries) and corporations (in developed countries), wich will be indistinguishable from distributing quotas to individual countries or regions based on population size in the first place.

--
$E(X_t|F_s) = X_s,\quad t > s$

by martingale on Sat Jul 26th, 2008 at 09:40:27 PM EST
[ Parent ]

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