The document discusses issues with the current carbon-based economy including limited fossil fuel supplies and high carbon dioxide pollution. It notes that hurricanes are becoming more intense and frequent under warmer, high-CO2 conditions. Taxing carbon emissions has failed for most, but selective incentivization works better than broad taxes or coupons. The document proposes transitioning to an economy that manages the life cycle of carbon dioxide as a strategic resource through real-time capture and transformation of CO2 from industrial processes, in order to gain economic and sustainability benefits.