Transforming Economics for Net-Zero Carbon

Date and time:

Thursday, September 5, 2024. 6 – 8pm CEST

Location:

TESOBE – Founders of the Open Bank Project, Osloer Straße 16 Top Floor 13359 Berlin

Event Summary:

Join us in Berlin or Online for an in-depth presentation by Dr Delton Chen on the groundbreaking Global Carbon Reward policy. This innovative international climate policy introduces a new economic theory to drive the global push toward net-zero carbon emissions.

Arrive early at 6 pm for refreshments before we begin the presentation at 6:30 pm. Space is limited, so please book in advance for this exclusive event. The event will take place on September 5th at the TESOBE GmbH office in Berlin.

About the Event:

Learn about the systemic risks associated with the carbon cycle and climate change, and discover a revolutionary financial mechanism designed to finance climate mitigation projects on a global scale.

In-depth analysis:

Dr Chen will delve into a new economic theory that addresses market failures in carbon pricing and introduces a ‘carrot and stick’ approach, combining elements of taxes, subsidies, and cap-and-trade systems with a novel market-and-monetary policy called a ‘carbon reward’.

The carbon reward is an innovative financial mechanism that incentivizes carbon mitigation efforts by rewarding organizations for carbon reductions and removals, and it will be financed with the support of central banks and involving a new type of tradable financial asset.

Dr Chen will be joined by Simon Redfern, CEO of TESOBE, and Sven von Vittorelli, Global Nature & Biodiversity Lead at AFRY.

About the Speakers:

Dr Delton Chen

Delton is a civil engineer with expertise in climate mitigation, groundwater, hydrology, mining, impact assessment, and geothermal energy. Delton founded the “Global Carbon Reward”, which is a new international policy for managing climate-related risk. Delton is a thought-leader in the development of new public policies based on digital financial assets, and he developed a taxonomy for systemic risks related to the carbon cycle, a taxonomy for carbon pricing, and the notion of “carbon quantitative easing” (by central banks) for managing systemic risks.

Simon Redfern

Simon is the CEO of TESOBE and the founder and lead architect of the Open Bank Project. Simon has worked with many banks and policymakers around the world consulting on the technicalities, advantages, risks and sensitivities of Open Banking. Simon is a member of the Tergar meditation climate change group and co-hosts the 177pod podcast, where he first connected with Dr Delton Chen during Episode 4: “Exporing the Global Carbon Reward”.

Sven von Vittorelli

Dr Sven von Vittorelli is a thought leader with 18 years of international experience, heading AFRY’s global biodiversity and nature consulting business.

Outside AFRY, Sven contributes to developing the upcoming IPBES global assessment and co-leads a working group within the IUCN Commission on Ecosystem Management’s IMEC Thematic Group.

About Your Hosts:

The Global Carbon Reward (GCR) is a project of Inquiring Systems, Inc. (ISI), a nonprofit 501 (c) (3) corporation based in California, USA. ISI is the legal fiscal sponsor for the GCR. ISI was founded in 1978 in with the charitable purpose of improving the human condition through a systems-based approach to organizational services.

Climate Change International aims to connect businesses and institutions with climate change and environmental experts to foster impactful climate actions.

TESOBE, the company behind the Open Bank Project, is the Berlin-based banking technology firm that has the honour of hosting this event.