A Global (Green) New Deal using: DRaCULA

A framework to underpin a Global Green New Deal: DRaCULA
(Pending editorial review)
United Kingdom (London)

One of the heaviest and most enduring stumbling blocks that the United Nations Framework Convention on Climate Change (UNFCCC), is the divide that exists between rich and poor countries in the climate negotiations. Often referred to as the N-S Divide, it hinges on the fact that the climate crisis today is mostly due to the emissions from rich countires, on their path to becoming developed. If less-developed (poor) countries follow the same development trajectory, we will, without doubt, have catastrophic climate change. The UNFCCC has to date not found a solution to this issue, which has not neen aided by the a central planning based approach to dealing with the economic issues at the core of climate change. By setting targets for emission reduction not only are we using communist era economic thinking, we are also abstracting the issue away from how climate change will affect people. What is needed is the ackowledgement that climate change will impact everyone in the world, either directly through damage or through the secondary impacts of this damage on our social and technical systems. People need protection from this Damage, and Captilism is the perfect tool to enable this, through the creation of a market for climate change damage risk and its reduction. There is a framework that exists that outlines the structure of what such a market could look like and how it would operate. It is call the Dynamically Relative and Cummulatively Universal Liability Attribution (DRaCULA) framework, which operates at a global level, because the climate crisis like the atmosphere is a global thing.

Submitted by

Sacha Meckler (05 October 2019)

Bio

Sacha is an engineer and innovator who focused the early part of his career on telecoms and mobile technology, where he was galvanised by how greater connectivity and flexibility can bring about improvements in the way we live. Recognising that technology as catalyst for change, is insufficient without the right economics, business and institutional engagement Sacha did a master’s in environmental economics and Development Policy at the LSE. This enabled him to redirect his efforts toward how technology can help address the major environmental challenges faced by our world. In the following decade his career focussed on cleantech, smart grids and smart cities, working with across the corporate spectrum, challengers and start-ups, and government institutions. This enabled him to identify and experience first-hand the fundamental necessity of system-change for humanity to be able to continue flourishing. This has led him to champion and advocate for system change across a broad spectrum of areas, from the transformative potential of digital to the imperatives around the climate crisis.

Project leader

Sacha Meckler

Creative Commons License

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  1. Sacha

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