Catching up with Delton Chen
Delton is a civil engineer and geo-hydrologist with a Ph.D. from the University of Queensland. He founded the Global Carbon Reward Initiative in 2013 and developed the “carbon currency” concept as featured in the sci-fi novel The Ministry for the Future.
Last fall he travelling the globe (again) to promote his Global Carbon Reward and carbon currency concept. Now that he is back in Australia, he reflects on this trip and explains how his proposed carbon currency will significantly accelerate the transition towards a negative carbon economy.
For more information about Delton Chen please visit our contributors' page. This Reboot Dialogue is presented by Nico A. Heller.
Delton Chen apologises for making a mistake at time 22:42 (see link to video). He said that the central bank balance sheet includes "assets and debts". He meant to say "assets and liabilities". Central banks will purchase the carbon currency as their "asset", and the new fiat that they will create will be recorded as their "liability" (i.e. not as their "debt").