Third in a series on Carbon Tax Credits and the New Carbon Economy. Part of the Legacy Compassionate Capitalist Podcast Series.
Black carbon plays a much bigger role in global warming than many scientists previously thought. Black Carbon is produced as a by product from the CO2 that is emitted when any thing is burned.
When there is one environmental factor that has potential to impede sustainability across the board for all business and community, there is a profound economic impact as a result. Decline in business viability and quality life hurts the economy. Yet when there is an innovation that changes the way things are done so as to no longer produces the same amount of the bad Black Carbon, or even produces the opposite effect, and that can be measured, a financial value can be placed on that.
When something can be measured and valued, it becomes the subject of trade and finance - an economy. That is New Carbon Economics, and we are the threshold of profound shifts and