Global 4C: Managing Land for Carbon Sequestration with Smart Money by crcsolutions.org
Please find below the
Finalist Evaluation
Judges'' ratings
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Judges'' comments
- Interesting concept for a new financial instrument based on physical quantities of GHG emissions avoided. The long-term success of the idea is questionable, but the first steps proposed here are a good start.
- A well thought out proposal with clear objectives. Would be a valuable addition to the climate/economic debate.
- Very interesting information about Global 4C, which would act as a new source for global finance. The part that is not addressed is the estimation of climate change. What type of climate reduction estimation would be maintained and who would provide it? Who would be funded and how?
Semi-Finalist Evaluation
Judges'' ratings
| • | Novelty: | |
| • | Feasibility: | |
| • | Impact: | |
| • | Presentation: |
Judges'' comments
Novelty: 5/5 Interesting concept for a new financial instrument based on physical quantities of GHG emissions avoided.
Workability: 3/5 Long-term success of the idea is questionable, but the first steps proposed here are a good start. The timeline is quite realistic.
Effectiveness: 4/5 IF successful, this could have significant impact on future GHG emission rates.
Thoroughness: 4/5 Good proposal.
Presentation: 4/5 Well done.
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This proposal of a new financing mechanism for carbon reductions is basically a good idea, and is worth pursuing, at least at a lower level of funding - 100 to 200K would be a way to start thinking about this and get enough written down to get feedback from economists. Nordhaus says "if you want to make something scarce, make it expensive" and this kind of financing mechanism could be one way to do that. In the end there will be many different mechanisms proposed, and some poltical/economic solution will emerge. But it would be interesting to have these ideas in the discussion.
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