6 chapters across the catalog
A new digital currency called "Toco" is being marketed as money backed by carbon reduction. Each Toco in circulation represents one ton of carbon removed from the atmosphere. The promotional material claims that using the currency turns economic activity into "environmental wealth." Partners like Airbnb reportedly already accept Toco for payments.
At COP27, central bankers discussed a new asset class involving "natural capital," where resources like water, trees, and biodiversity are tokenized. The plan involves creating financial derivatives and a pricing curve for sequestered carbon to integrate nature into the global financial architecture.
Several Canadian producers took advantage of the show's standing offer to accept Canadian dollars at 1:1 parity with the US dollar. Donors requested "House Karma" for real estate transactions and celebrated birthdays while discussing the impact of the new Canadian carbon tax.
Carbon Currency, Global Student Strikes, AI Skepticism
Greta Thunberg proposed that the "carbon budget" should become a new global currency at the heart of future economics. Her movement has inspired massive student strikes, including a 35,000-student protest in Brussels where children skipped school to demand climate action. The hosts express skepticism toward the movement, jokingly comparing the young activists to convincing AI or "Google guys" creations.
Avinash Persaud of the UN Commission of Experts on Financial Reform suggests that the current economic crisis is the ideal moment to establish a new global reserve currency. The hosts argue this is a step toward a global financial police force and a centralized tax system based on carbon credits.
Carbon Credit Currency, Tree Absorption Math
Research into the value of carbon credits reveals that a 25-year-old maple tree absorbs roughly 1.1 kilos of CO2 per year. Calculations suggest that 36 trees are needed to absorb one ton of CO2, making the actual cost of a legitimate credit quite high. The discussion references a New Zealand website featuring "Save the Planet" carbon credit banknotes, treating them as a speculative future currency.
