http://moneymorning.com/2009/04/12/china-dollar/ Global Investment News Mon, 13 Feb 2012 18:41:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://moneymorning.com/2009/04/12/china-dollar/comment-page-1/#comment-6203 Frans Verhagen Mon, 13 Apr 2009 10:35:05 +0000 http://www.moneymorning.com/?p=6850#comment-6203 There are two ways to peg a non-national reserve currency, one based upon a basket of commodities, currencies (SDRs) or the price index, the other one on emissions, particularly carbon emissions. Basing the new international reserve currency on carbon emissions and making them part of a nation's carbon account would take care for the greater part of financing for development and climate mitigation and adjustment measures financing, because ecological debit nations in the North would settle their carbon accounts by transferring their Tierras (the carbon based currency) to the ecological creditor nations in the South. Sew website for particulars. There are two ways to peg a non-national reserve currency, one based upon a basket of commodities, currencies (SDRs) or the price index, the other one on emissions, particularly carbon emissions. Basing the new international reserve currency on carbon emissions and making them part of a nation's carbon account would take care for the greater part of financing for development and climate mitigation and adjustment measures financing, because ecological debit nations in the North would settle their carbon accounts by transferring their Tierras (the carbon based currency) to the ecological creditor nations in the South. Sew website for particulars.

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