Club Breakfast – Meet the creator of CQE – Carbon Quantitative Easing
Date: 15 Dec 2022 08:30 AM — 10:00 AM | Venue: Dining Room
Meet the creator of CQE – Carbon Quantitative Easing
|Imagine a new global monetary policy, called carbon quantitative easing (CQE), backed by the world’s central banks. It would reward all players — corporations, municipalities, individuals — for certified actions that effectively remove carbon from the atmosphere, increase biodiversity, and reduce environmental damage.
|The idea is the brainchild of Dr. Delton Chen, who created the CQE model and the carbon coin which would serve as a new financial tool to pull the world back from the edge of a global ecological meltdown.
|Dr. Chen, a global speaker and thought leader in the areas of climate change and economic policy, developed the idea of a “Global Carbon Reward” policy more than a decade ago to help reduce and remove carbon from the atmosphere at the speed and scale needed to stabilise the climate and meet the terms of the 2015 Paris Agreement. Dr. Chen believes that the Global Carbon Reward can fill the funding gap for climate mitigation and help protect communities and ecosystems from the ravages of climate change and over-consumption. Applied correctly, CQE is also a big and effective ‘carrot’ that could draw the world toward a liveable future.
|Dr. Chen’s Global Carbon Reward policy inspired the sci-fi author Kim Stanley Robinson’s game-changing “Carbon Coin” in his 2020 novel The Ministry for the Future, for example. Among the fictional characters in the book, Dr. Chen and the “Chen Paper” stand out as the real solution driver for the Ministry.
|Dr. Delton Chen, founder of Global Carbon Reward (GCR), is a visiting geo-hydrologist from Brisbane, Australia. He holds a PhD in engineering from the University of Queensland. Moderated by FCC Journalist Member Governor Joe Pan.