edentiti rewards to reduce greenhouse gases

The generation of greenhouse gases as a byproduct of energy production is causing global warming. We need to reduce the output of greenhouse gases but we also need energy.

With Edentiti Rewards systems:

we increase the cost of energy that produces greenhouse gases;

we use the extra money collected to pay people to reduce their energy consumption; and

we require the money to be spent on infrastructure that reduces the need for greenhouse producing energy.

The problem of over consumption

Wealth is built by individuals becoming more productive through specialisation and investment. To get all the goods and services we need we trade them for goods and services we produce. Price is the method of rationing and restricting consumption when there are not enough goods to satisfy all.

In an age of abundance, price has lost its effectiveness in restricting consumption. This has lead to over consumption of some goods, with undesirable effects to both the individual and society.

Edentiti Rewards is a way to amplify the effect of price and gives society a way to reduce the over consumption of goods that cause harm and to encourage direct expenditure on goods that cause less harm.

Edentiti news

Economics in an age of abundance

April 29, 2008 3:09 AM

Traditional economic theory is built around the idea of scarcity and consumer choice through competitive markets. The theory says that markets work because when goods are scarce, price contains all the information that a consumer needs to make an informed choice This makes it possible for a person to not only rationally choose to buy from a particular supplier, but to choose between different types of products. Unfortunately in the modern market place the assumptions about scarcity and prices reflecting value do not apply.

WILL CLIMATE CHANGE BRING AN END TO THE PLATINUM AGE?

January 10, 2008 8:25 AM

Professor Ross Garnaut's speech of November 2007 discusses the issue of mitigating greenhouse gases as a global "Tragedy of the Commons" problem. The problem of getting global cooperation on climate change is the same as getting citizen's in a nation cooperating to reduce green house gas emissions. One way of viewing a solution to the problem is a trading regime in a restricted market whose products help solve the problem.