What is a carbon coin?

McDonald notes that “carbon coin” is a currency issued by the world’s largest central banks to pay companies to not burn carbon. He comments that this is economically infeasible. This is not an accurate description of how the carbon currency will function, as explained here.

What is the ideal value of the carbon coin?

The ideal value of the carbon currency (not the carbon coin in the novel) is determined from cost-effectiveness optimisation, and it is used to create a positive externality—as a global public good. These ideas have yet to permeate into the mainstream, or into Gates’s interpretation of the “carbon coin” idea.

Is there a carbon reward?

Annelisa Kingsbury Lee interviews Dr. Delton Chen. They discuss the idea of a “carbon reward” and the carbon coin in “The Ministry for the Future”. Dr. Chen argues that we need a whole new type of carbon pricing: a currency that rewards carbon mitigation. Agents of Impact Call 37: Carbon is $100 a ton.

Why does carbon coin need to be crypto?

In the everything-but-the-kitchen-sink narrative of Ministry, Carbon Coin needs to be crypto because it’s part of Stan’s wider utopian plan for the internet and the financial system as a whole.