COP18: We must create new money to save the climate

COP18 (27/11/12) – Jakob Von Uexkull Founder of the World Future Council talks about the need to create new money to save the climate. He says it is absurd that we are about the destabilise the climate because we say there is no money, when there are means of creating new money.

He describe an ‘economic witch doctor’ that was able to find huge sums of money to stablise the banks and says all that is needed if for the climate lobby to be as big as the bank lobby and to demand new money is created. He said this would have a win-win affect helping to deal with the economy, create new jobs and drive a low-carbon transition.

He also talks about the need to challenge the business as usual way of thinking, saying that trillions of dollars are used to subsidise this while there is no market for the low carbon solutions.

He says that renewable energy sources have no exploration costs (the sun is there to be trapped), no distribution costs (production of solar can be localised) and almost no environmental costs.