OUR PLAN

Our plan is to advocate and advance the Global Carbon Reward policy with our international partners, by demonstrating the policy’s capacity to incentivise a variety of climate mitigation methods and co-benefits, and the policy’s adaptability in diverse geographic settings.

— Dr. Delton Chen (Founder)

Our plan starts in 2021 with the establishment of new collaborations and partnerships.

Partnering

The first milestone is to partner with an internationally recognised NGO and to establish GCR think tanks in various countries. The GCR think tanks will be important for attracting partners and financial support. The goal is to establish public-private partnerships with governments, low-carbon technology companies and NGOs. These public-private partnerships will include sponsorship arrangements for funding the demonstration.

Demonstrations

The second milestone is to launch live demonstrations of the policy with one or more national governments. The live demonstrations may last a few years, and during which time the value of the ‘carbon currency’ will be managed by an in-house team of currency traders that will have access to a special fund for setting the floor price for the carbon currency. The in-house team of currency traders will play the role of central banks in a simulation of the monetary policy. Central banks could be involved in the demonstration, however this is not essential. Finance for backing the carbon currency during the demonstrations will be sourced from the public and private sectors. The carbon currency may be created using distributed ledger technologies, such as blockchains. The demonstration will involve a number of low-carbon projects, possibly including renewable energy, carbon farming, re-wilding, reforestation, carbon capture and storage, industrial decarbonisation, direct air capture, etc. The low-carbon projects will enter into service level agreements for the period of the demonstration.

Communication

The third milestone will be to communicate—mainly through documentaries, conferences and social media—how the GCR can be used to fund climate mitigation at the speed and scale that are needed to address the 2015 Paris Climate Agreement. The proposed strategy is to use the live demonstration to rally international voices, and to catalyse a GCR movement. Governments and private businesses that are the first supporters of the GCR may yield early adopter advantages and international prestige in future stages of the policy development and implementation.

Updated 20 September 2021

Project Phases

Phase I. Discovery Phase (2014-2020)
Policy analysis, theory of change, and publications

Phase II. Development Phase (2021-2025)
1. Documentation of GCR’s organisational development plan and business plan
2. Partnerships with international non-governmental organisations (NGOs)
3. Discussions with stakeholders and policy makers through workshops and conferences
4. Implementation of demonstration projects with measurable outcomes for public dissemination
5. Formation of an international political movement to promote the GCR
6. Discussion and envisioning of an international treaty for the GCR

Phase III. Implementation Phase (After 2025)
Propose an international GCR treaty for global carbon emissions reductions and atmospheric removal