To reduce greenhouse gas concentrations in the atmosphere we have to invest large amounts of money. This presentation shows how we can obtain the money to invest in ways that will reduce the cost of energy.
Cost of Money<br />Interest charges on printed money is zero<br />Interest charges on loans is 7% for existing assets<br />Expected returns on equity is 20%+fornew assets<br />Zero interest loans with repayments from earnings<br />
Why don’t we print money to pay for renewable investment?<br />Print too much money andit causes inflation<br />No control mechanism to allocate money<br />Difficult to ensure money invested in renewables<br />
Solution<br />Government decides how much to invest and the area of investment<br />Government gives the right to get zero interest loans for this total amount divided equally between residents<br />Banks give zero interest loans backed by government that must be invested in ways to reduce ghg emissions<br />10% refundable deposit for a loan<br />Rights to loans can be sold<br />
Compliance<br />Refundable Deposit<br />Ability to sell the right<br />Income from investment and repayments established at the time of the contract<br />ghg reductions reported when it happens<br />Automatic repayments<br />Anyone who abuses the system is banned from further participation in the loans scheme<br />
Outcomes<br />Renewables IMMEDIATELY a better investment than fossil burning plants.<br />Fossil burning plants can be given loan rights for compensation if they decommission plants<br />Capital costs reduce by 15% to 50% each time capacity doubles<br />Energy savings will be thefirstinvestments<br />Other incentives can be built in related to cost per kg saved<br />Zero Net Emissions within 10 years is achievable<br />
What happens next<br />Work out investment opportunities in reducing emissions<br />Work out how the investments can be monitored so that the system rules are obeyed<br />Get a government or large organisation to set up a system<br />Finance the construction of the system through zero interest loans<br />
Contact Kevin Cox<br />Contact me if you are interested in more information or would like to become involved in a campaign to get a government to adopt zero interest loans<br />My linkedin contact is http://www.linkedin.com/in/kevinrosscox<br />