I am a sustainability sociologist with professional degrees and experience in divinity and international affairs. For more informatio go to www.timun.net and www.globalepe.org; for my sustainable aviation activities see www.metronyaviation.org; www.us-caw.org; www.susaviation.com;
Mr. Zoellick as World Bank president and former Treasury official understands the importance of the monetary system as a lubricant that makes the monetary, financial, economic and commercial systems smoothly operating.
However, the international monetary system will be better served by a monetary standard rather than a costly global reserve system. Rather than having gold become the standard in one way or another, the International Institute for Monetary Transformation has proposed a monetary standard that is based upon the level of decarbonization in a society, expressed in a specific amount of tonnes of CO2e per person as unit of account. By adopting a carbon-based monetary standard this transformed international monetary system aims to combat climate change by advancing low carbon and climate-resilient development. For more information, see www.timun.net.
Mr. Zoellick as World Bank president and former Treasury official understands the importance of the monetary system as a lubricant that makes the monetary, financial, economic and commercial systems smoothly operating.
ReplyDeleteHowever, the international monetary system will be better served by a monetary standard rather than a costly global reserve system. Rather than having gold become the standard in one way or another, the International Institute for Monetary Transformation has proposed a monetary standard that is based upon the level of decarbonization in a society, expressed in a specific amount of tonnes of CO2e per person as unit of account. By adopting a carbon-based monetary standard this transformed international monetary system aims to combat climate change by advancing low carbon and climate-resilient development. For more information, see www.timun.net.