Michele Stua Sep 20, 2015 07:45
Member
| Dear Sirs, I have just completed the reading of your proposal and I can say I not only find it extremely interesting but I also see several common elements with an idea I have been developing since 2007. While in the current contest I am focusing on a sound and transparent way to distribute 'reduction duties' between the countries (https://www.climatecolab.org/web/guest/plans/-/plans/contestId/1302401/planId/1323303), and indeed I would be happy for you to have a look at it, this proposal is only a step of a wider roadmap that aims at the creation of a global representative currency in line with your idea. You can find the general roadmap of this idea, written by me more than a year ago, at the following link: https://www.sussex.ac.uk/webteam/gateway/file.php?name=michele-stua-paper-final.pdf&site=25 I would be extremely pleased for you to read my writings and, maybe, start a productive discussion about possible future developments. Best regards,
Michele Stua |
Delton Chen Sep 20, 2015 05:44
Member
| Proposal contributor Dear Michele, it is great to receive your message. and I am also very interested to read your MIT project: Please allow me a day or two to read the material, and then we should arrange to talk, especially about your proposal for an international monetary system and Low Carbon Bretton Woods. These terms are consistent with Global 4C, and I hope that we can have a (Skype) conversation soon. P.S. our website www.global4c.org is undergoing server change, and so it is not working at this time. Warm regards, Delton Delton Chen Ph.D.
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Delton Chen Sep 21, 2015 07:18
Member
| Proposal contributor Hello Michele, 2) The unit of account for GER has 100 kg CO2-e, whereas the SOL is 100 kg CO2-e, and the difference is only for convenience. 3) GER and SOL should both have a rising price for least cost mitigation (rising stringency). 5) GER and SOL are fully international for trade. I found your report [1] to be rather 'wordy'. The central concepts could be summarized more concisely. If you feel comfortable with the philosophy of Global 4C and Solar Dollar, it would be great to collaborate with you given your experience and involvement in climate mitigation policy. Our group is very open to collabroations at levels. I hope to hear from you soon. Best regards Delton [1] A new paradigm: establishing a global carbon market as an element for the foundation of a ‘Low Carbon Bretton Woods’ system [2] Establishment of a sound technical system to distribute emissions reductions
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Delton Chen Sep 21, 2015 07:56
Member
| Proposal contributor P.S. |
Michele Stua Sep 22, 2015 01:10
Member
| Dear Delton, thank you very much for your detailed comments. I agree with most of them yet I see limited differences and, most of all, plenty of opportunities to work together on a common platform (e.g. I have been already discussing with several persons about the opportunity to link the overall 'Carbon Bretton Woods' idea with the bitcoin opportunity). Yes, I also agree the long report is a bit wordy, yet it allowed me to introduce the overall 'roadmap' I designed and to start interesting debates both with academics and policy-makers. I would be really glad and pleased to keep on sharing ideas and working with you therefore, as requested, this is my e-mail: michele.stua@gmail.com Thank you again. Best,
Michele |
Delton Chen Sep 22, 2015 11:54
Member
| Proposal contributor We all look forward to your contributions and getting to know you! Please email me with any suggestions to improve the Proposal for Global Climate Action Plan by global4c.org. Cheers Delton |
Michele Stua Sep 25, 2015 09:57
Member
| Dear Delton, thanks for the invitation to collaborate on the IMPACT element. Before going on I just wish to stress that, on my opinion, your proposal may find problems similar to ours in such a section (please see our proposal), therefore I believe it will be unlikely to use the available engines to quantify your impact. This of course is just a very first impression but I felt it was better to share it since the beginning. Best,
Michele
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Jan Kunnas Sep 25, 2015 04:25
Member
| Proposal contributor I agree with Michele. Fortunately, I know that Delton has made some own estimates on the impact, perhaps we should use them instead. Jan
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Michele Stua Sep 27, 2015 01:30
Member
| hi Jan, I have enquired one of the 'impact fellows' about the limits of the proposed engines and I am waiting for her response. I will keep you informed as well as I will receive her comments
Michele |
Jennifer Perron Sep 28, 2015 08:55
Member
| Dear Solar Dollar team, Thank you for this very intriguing and detailed concept of the Solar dollar global currency for carbon pricing, and your contributions thus far to the Global Climate Action Plan contest of MIT's Climate CoLab. I am one of the Fellows for this contest, serving as a liaison to the CoLab, here to answer any questions, and help provide substantive feedback toward strengthening proposals. Fellows will also have a role in the evaluative phase of this contest. Overall, your proposal is well-developed and detailed, and contains concrete and actionable steps toward implementation. A few suggestions on how you could continue to strengthen this work: 1) As you know, in this contest we are asking contestants to draw from the proposals and concepts within the various MIT CoLab regional and national plans, such to help inform in a global strategy. Good work thus far in selecting other proposals that mesh well with your concept. You may wish to continue to detail, however, more specifically and concretely how you view these various regional and national proposals intersecting and contributing to your concept. This is an area that could use expansion. 2) You have a very detailed and well-designed Powerpoint presentation in the Dropbox link. Perhaps there is a way to include some more of the graphics and diagrams from that document within the body of your text to aid in explanation. 3) Make effort to define acronyms during first use (e.g., you use the abbreviation for quantitative easing, QE, in the pitch without defining). 4) Two comments for your consideration in naming structure. a) Why solar, versus any other renewable? It may be worthwhile to explain your rationale in this; b) There is another currency, the Peruvian Nuevo Sol, that is frequently colloquially referred to as the "sol.' This may lend some confusion in having two currencies by the same name. 5) Finally, but not least, I had difficulty accessing the two Solar Dollar websites referenced within the text. Are these sites currently active and publicly accessible? Look forward to seeing how you address these topics, and thank you again for your contributions to the CoLab! Best, Jennifer |
Delton Chen Sep 29, 2015 02:41
Member
| Proposal contributor Dear Jennifer and Co-authors, 1) As you know, in this contest we are asking contestants to draw from the proposals and concepts within the various MIT CoLab regional and national plans, such to help inform in a global strategy. Good work thus far in selecting other proposals that mesh well with your concept. You may wish to continue to detail, however, more specifically and concretely how you view these various regional and national proposals intersecting and contributing to your concept. This is an area that could use expansion. YES, WE WILL ADD MORE DETAIL IN THE COMING WEEKS. 2) You have a very detailed and well-designed Powerpoint presentation in the Dropbox link. Perhaps there is a way to include some more of the graphics and diagrams from that document within the body of your text to aid in explanation. I INCLUDED A KEY FIGURE FROM THE POWERPOINT THAT SHOWS THE ARCHITECTURE OF THE SOLAR DOLLAR DIGITAL TRADING SYSTEM AND DATABASE SHARING. 3) Make effort to define acronyms during first use (e.g., you use the abbreviation for quantitative easing, QE, in the pitch without defining). GREEN QUANTITATIVE EASING IS NOW MENTIONED IN THE PITCH AND THE ABBREVIATIONS IS PROVIDED. 4) Two comments for your consideration in naming structure. a) Why solar, versus any other renewable? It may be worthwhile to explain your rationale in this; b) There is another currency, the Peruvian Nuevo Sol, that is frequently colloquially referred to as the "sol.' This may lend some confusion in having two currencies by the same name. "SOLAR DOLLARS" IS AN APPROPRIATE NAME OF THE WORLD CURRENCY FOR CULTURAL AND SCIENTIFIC REASONS. THERE IS NOT ENOUGH SPACE PROVIDED TO EXPLAIN THIS. "SOL" IS SPANISH FOR SUN, AND SO THE WORD IS NOT UNIQUELY ASSOCIATED WITH THE PERUVIAN CURRENCY. 5) Finally, but not least, I had difficulty accessing the two Solar Dollar websites referenced within the text. Are these sites currently active and publicly accessible? THE WEBSITE www.global4c.org IS UNDERGOING A SERVER CHANGE AND WILL BE ONLINE ASAP. Look forward to seeing how you address these topics, and thank you again for your contributions to the CoLab! |
Delton Chen Sep 29, 2015 02:49
Member
| Proposal contributor P.S. Currency Naming Conventions An overview of a five currency system is provided in this 2014 CoLab entry for a U.S. carbon price, and in the figure below. A judge in 2014 simply said that he didn't want a new world currency. The theory for money indicates that a regular political pathway is not necessary for Solar Dollars, and avoiding the political system is the recommended approach.This is feasible simply by developing the currency system like Bitcoin did about 6 years ago, and then creating a new social movement to bring the currency system directly into U.N. negotiations. |
Delton Chen Sep 29, 2015 06:54
Member
| Proposal contributor Hello Everybody, some good news. The www.global4c.org website is now up and running smoothly. Please check it for me, and if you encounter problems, please send me a message. Warm regards, Delton |
Delton Chen Oct 4, 2015 11:21
Member
| Proposal contributor Dear Friends and Contributors, I have completed the Solar Dollar presentation on the MIT Climate CoLab. Please regard this as our first complete draft. Would you please check the presentation and offer your comments? Also, please invited all your friends to vote for our proposal. If you wish to make changes or edits, I would prefer that you emailed me your edits, rather than editing the site directly. This is because the CoLab system has its nuances, and I need to check your ideas and recommendations. Delton Chen
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Jan Kunnas Oct 5, 2015 02:00
Member
| Proposal contributor Dear Delton,
I absolutely love your renaming of the "Reforestation Olympics" to the "Solar Games" and the accompanying further development of the idea. I think this is a good example of how the climatecolab co-operation platform can work at its best. |
Michele Stua Oct 6, 2015 08:06
Member
| Dear Delton, excellent job! The updated version of the proposal is definitely intriguing and stimulating. We have already had to share thoughts and opinion on the idea all and its innovative value and potential is unquestionable. There is just a point I wish to address: on my opinion the whole proposal may be even more effective if and when a demand of SolarDollars can be established. In other words quantifying absolute reductions related to the 2-degree target as well as defining a fair and transparent distribution system for them is not only an imperative for the future of climate change mitigation. This definition and quantification may serve at clearly establishing the (minimum) quantities of required SollarDollas, therefore avoiding risks such as excessive fluctuation in their prices and aggressive financial speculation. We all know that the Intended Nationally Determined Contributions (INDCs) represent the most likely option to be adopted in Paris to attempt establishing a 2-degree target pathway. We also know that these highly political tools are unlikely to properly work and cover the entire need of emissions reductions for the 2-degree target achievement. This all leads me to propose to keep on working together in the attempt to identify a more efficient, equitable, accountable and transparent system to define the 'demand side' of reductions. The proposal made here under the name of "Establishment of a sound technical system to distribute emissions reductions" (https://www.climatecolab.org/web/guest/plans/-/plans/contestId/1302401/planId/1323303) goes towards this direction and may be a starting point. Best, Michele |
Delton Chen Oct 16, 2015 12:38
Member
| Proposal contributor Dear Michele and others, Although we provided this information in 2014, a judge incorrectly claimed that the proposal was for a 'carbon credit' scheme, and then dismissed the proposal from the competition. My learning from 2014 is not to provide too much detail because the judges are not familiar with the policy framework. Cheers Delton |
Delton Chen Oct 16, 2015 03:38
Member
| Proposal contributor Hello Everyone, I have updated the figures and references. I also changed the graphic for The Solar Games. The editing time ends on Saturday midnight, so if you have any more recommendations for edits, please let me know. Delton |
Delton Chen Oct 30, 2015 01:14
Member
| Proposal contributor Thanks to the judges and fellows for reviewing our proposal. We look forward to making some improvements during the time that remains. Delton |
Delton Chen Nov 2, 2015 11:23
Member
| Proposal contributor Dear Contributors, |
Delton Chen Nov 2, 2015 11:24
Member
| Proposal contributor Dear Contributors, |
Delton Chen Nov 2, 2015 11:24
Member
| Proposal contributor Dear Contributors, |
Laur Hesse Fisher Nov 3, 2015 03:31
Staff
| Having trouble finding regional plans to integrate into your Global Climate Action Plan? |
Delton Chen Nov 16, 2015 04:28
Member
| Proposal contributor Hello,
RESPONSE TO JUDGES COMMENTS Judges Comments- "We found this to be a very innovative and creative idea, the feasibility of which will be premised on (1) who would issue such currency, (2) who will be the regulator, and (3) how will institutions such as the International Monetary Fund and Central Banks get involved in it. It is well thought through, and two additional minor points that need further elaboration are: Answer 1 - How to finance the auditors and control the currency supply? 1) Enterprises that abate or sequester GHG emissions can voluntarily join the global reward scheme to earn Solar Dollars (SOL) as proportional rewards for the mass of CO2-e verifiably mitigated. They agree to provide their data to a public domain database (for instantaneous market knowledge). They are bound by digital contracts, most of which are actually imbedded in the SOL digital currency. 2) Auditors' commissions will be a fixed percentage of the Solar Dollar (SOL) rewards given to enterprises that mitigate. For example, auditor commission may be 4% of all SOL that they award to enterprises. 4) The enterprise that undertakes mitigation will first do a self-assessment, and this will be used to define the fixed commission for the auditor. They may be inclined to assess kg CO2-e slightly on the low side, because this will reduce their administration costs. 6) The administrative system will chose the auditor for the assessment work, based on skills and capacity, and to reduce the likelihood of collusion and free-riding. 10) Everybody working in the system (people who trade with SOL) can vote on enterprises and auditors with 'trust' and 'quality of work' metrics. Much like people vote on each other in Ebay and Airbnb etc. 12) Enterprises and citizens who earn SOL are allowed to trade it into the global marketplace for fiat currency. Therefore there will be a percentage SOL in circulation that was issued for mitigation that is declared 'void'. This 'bad money' will be taken out of circulation with a uniform 'demurrage fee' applied to all holders of SOL. Hence the 'bad money' is removed from the entire SOL supply as a percentage of all money, and not from individuals who happen to buy SOL that should have been voided. This allows everybody to trade SOL without taking other peoples' risk. 2) The enterprise that mitigates for SOL rewards will enter into digital contract that they will not sell the same carbon to another market (this would be a breach of contract and may be enforced by international counterfeiting laws and criminal charges). Delton |
Delton Chen Dec 16, 2015 07:12
Member
| Proposal contributor Dear Mohammad15, can you please post again in English? The message does not appear to translate. Faithfully, Delton Chen
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