🤔Rethinking Carbon Markets

1.

The climate crisis is rooted in the excesses of late-stage capitalism and the neoliberal operating system, making the idea of using green capitalism to fix its own problems is paradoxical and ironic. Green capitalism, hailed as a fix, risks being a superficial trend that exacerbates, rather than solves, the underlying issue. Late-stage capitalists cleverly exploit the escalating climate crisis and ecological concerns, turning them into predatory financial opportunities for their agendas. They've mastered using ecological rhetoric to mask their hegemony, perpetuating cycles of over-production, over-consumption, and radical alienation.

2.

Traditional carbon trading is a façade, letting big polluters pose as climate saviours while they continue exploiting and privatising natural resources. In this system, nation states ironically favour big polluters by freely distributing tradable carbon credits as allowances. Traded as commodities, these carbon credits ironically deepen privatisation and exploitation, often perpetuating the emissions they're meant to reduce. We can't allow neoliberals to deceive us into accepting illusory solutions. We must forge our own narrative and sabotage the flows of the neoliberal operating system that is driving us towards ecological disaster.

3.

To genuinely address the “climate emergency” (if it does exist), a radical shift is imperative. The first step in crafting a climate-change-halting narrative is exploring a post-capitalist model beyond typical carbon trading schemes. This new pricing model must accurately value each ton of carbon emission reflecting its real economic and social impact. The second step involves using this novel model as a financial tool for disrupting the neoliberal flows of the State and pave the path for post-capitalist economies. The belief here is profound: ending late-stage capitalism is key to preventing ecological collapse. Such a narrative should urge a transformative shift beyond the neoliberal operating system and effectively halt climate change.

4.

The full harm of carbon emissions' economic and social impacts remains unclear — are they harmful, or are they not? The efficacy of current carbon emission reduction methods is undermined by the uncertainty of harm of each ton of carbon emissions. We propose a new mechanism where the market shapes carbon pricing based on future beliefs about current emission costs. Our new pricing mechanism is driven by the belief that over the next 30 years, scientific research will reduce the uncertainty of harm today's carbon emissions — both economic and social costs. This new financial operating system aims to reduce the prevailing uncertainty around the appropriate pricing of harm for carbon emissions.