|Member Since||Apr 16, 2014||CoLab Points (actual)|
CoLab Points are awarded to all the members who contributed to a winning integrated Proposal, as well as those who contributed to any sub-Proposal it contains.(See more)
|Country||Australia||CoLab Points (max. potential)|
The maximum number of CoLab Points this member could receive. This is a measure of how many times the member’s Proposal have been included in other Proposal and how important it is in those Proposal.(See more)
Delton Chen is a geo-hydrologist and civil engineer. Delton holds a Ph.D. in engineering from the Department of Chemical Engineering, University of Queensland, Australia. Delton has 20 years of combined experience in groundwater management, environmental impact assessments, mining, geothermal energy and climate mitigation; and he analyzed the mitigation potential of fly-ash cement and low-flow water taps for Project Drawdown. Delton is a thought-leader in the development of new public policies based on Central Bank Digital Currencies, and he is a member of the Blockchain Climate Institute. Delton founded the Global Carbon Reward Initiative in 2013.
GLOBAL CARBON REWARD INITIATIVE
The Global Carbon Reward (GCR) is a new international climate policy that can finance the reduction and removal of carbon emissions at the speed and scale that are needed to stabilize the climate. The GCR can help protect communities and ecosystems from the over-consumption natural resources and the unintended negative consequences of climate mitigation actions. The GCR is designed to trigger a socio-economic transformation with "carrot and stick" approach, and it is has scope to address climate justice issues with rewards that are weighted to reflect the resulting socio-ecological co-benefits.
The GCR is justified with a new market theory for carbon pricing. This theory reclassifies the market failure as a "thermodynamic market failure", for which two explicit prices on carbon are needed to resolve the market failure. A second explicit price is proposed to create a positive externality for managing the systemic risks of carbon emissions. Delton claims that the market failure in carbon should be thermodynamically framed because carbon is strongly coupled to energy, and because carbon is the main 'structural' component of all living systems.
Project Drawdown, Research Fellow, United States
Center for Global Governance and Emerging Law, GCR Founder, United States
|Delton Chen voted for proposal Solar Dollars: The World Currency to Price and Finance Carbon Mitigation||Nov 16, 2015|
|Delton Chen updated a proposal Solar Dollars: The World Currency to Price and Finance Carbon Mitigation||Nov 3, 2015|