CC Finance to Combat CC Global Warming ! Ganga Prasad G. Rao Energy, Environmental and Mineral Economist gprasadrao@hotmail.com Disclaimer : The author does not vouch for the purported outcomes of the design proposed herein under. Actual outcomes could vary due economic and financial market dynamics. (Errors, Omissions and Death threats excepted !!!) The Context One of the many reasons Global warming strategies have failed at containing CO2 emissions and its cumulative expression as heightened atmospheric concentration is the impact of competitive capitalism on nations that exploit non-renewable resources to achieve as high a nominal rate of economic growth as possible. This incentive to exploit non-renewable resources is particularly strong in nations that are rich in domestic carbon resources, and in nations that must sustain economic expansion, both by expanding exports against multi-lateral trade competition, and to generate sufficient employment for its citizens. The leveraging of...
