Market Driven Fiscal Policy
As seen under Cost Effective Technology there are soot-free electricity generation technologies available that have reached or surpassed grid parity with current carbon-based offerings.
Further there are many other scrubbing technologies available to clean up the problematic emissions of carbon fueled power plants already in operation.
The strategic and supportive fiscal measures we propose to drive new technology implementation will not put any additional financing burden on governments or economies.
Instead these profitable market-driven tax and capitalization structures would make it attractive for the majority of corporations and consumers to rapidly invest (and recover) their own capital in clean technology implementation. Wide adoption of such profit-driven tax measures can produce emission reductions results far beyond Kyoto targets, and much faster (just as occurred beginning in the 1940s with the rapid adoption of new cleaner oil & gas technologies in place of dirty coal.)
Most importantly, such profit/market-driven tax and capitalization structures are designed to allow any nation or state adopting them to immediately become more economically competitive. This will force other nations and states to adopt them to remain competitive on the world stage, just as the economies of most countries followed the US lead to more competitive market-driven economic growth during the 1990s.
For many nations, meeting Kyoto targets is based on painful restrictions. This is because their current plans are based on a managed demise of antiquated technology.
However, our plan demonstrates to world leaders of the economic benefits and improved living standards possible when investments in superior new technology are made. It's designed to turn an environmental crisis into a sound financial opportunity. And positive thinking always generates innovation faster than depression and fear.
Up until very recently most conventional energy technologies in use today cost less up front, but require constant fuel and cash expenditures to keep them running. However today new fossil-free technologies cost no more to install, and little or nothing to run later.
Governments need to implement simple plans to stimulate rapid capital investment in these superior technologies. The second part of Paragon’s climate research white paper will outline such a fiscal plan.
Both consumers, and the world’s industrial & energy companies that will build and fuel our modified machines, will require capital financing, and the cooperation of governments to provide short-term incentives and guarantees to the financial services industry providing that capital.
To develop viable policy models to quickly bring about world wide technology implementation on the massive scale required, we’ve brought together some of the most dynamic energy-related business leaders to help finalize this plan.
That plan is designed to be used as a foundation for any national or regional strategy/policy.
It will also include development models for international cooperatives designed to allow joint investment in Africa and other parts of the developing world that cannot raise the initial capital outlays on their own. The structures of such partnerships are designed to provide economic benefits to both the wealthier nations & corporations investing, and those poorer regions or countries requiring the economic development necessary to rise from poverty.