Providing Conservation as “Title-To-Conservation” Under IMACS

In order to prevent the devastating effects of global warming on biodiversity and in turn on humanity, CO2 emissions and other forms of environmental damage must be all but eliminated, while environmental protection and restoration must be applied on increasingly larger scales. The methods described here are used under the IMAC system and create both the vehicles and the incentives to provide very large amount of funding to finance all types of conservation, needed to attract industry to make the needed carbon sequestration investments and to create financial incentives for the various other types of environmental conservations needed. As an ...  more

In order to prevent the devastating effects of global warming on biodiversity and in turn on humanity, CO2 emissions and other forms of environmental damage must be all but eliminated, while environmental protection and restoration must be applied on increasingly larger scales. The methods described here are used under the IMAC system and create both the vehicles and the incentives to provide very large amount of funding to finance all types of conservation, needed to attract industry to make the needed carbon sequestration investments and to create financial incentives for the various other types of environmental conservations needed. As an essential element of the Environmental Impact Measurement and Conservation System (IMACS), the “Title-To-Conservation” (TTC), allows not only a relatively fast reduction of net CO2 emissions, but a potential fast return to pre-industrial atmospheric conditions, while minimizing biodiversity losses. TTC represents the purchase and application of conservation in the name of the applying individual and is used to offset the exact amounts of environmental damage created by the product or service purchased. After calculation of the impacts of products and services, the required amounts of TTC for each impact type are purchased automatically as a 2nd purchase immediately following the primary purchase. After this 2nd purchase, the product or service is free of damaging impacts. The use of TTC will create very large market demand for all types of environmental (E) and later humane condition (H) conservation purchased by customers. TTC will need to be made available in any fractional amount and for an increasing number of types of conservation. The costs of the purchased conservation are paid by the seller using electronic (E) vouchers. Since participating sellers only pay E-voucher costs for “participating” products purchased by “participating” end-user consumers, the seller’s costs are initially very low, but create a strong incentive to become carbon neutral and to prevent other damaging impacts, eliminating future EH-voucher costs. For a supply chain layer with 100% participating actors, the EH-vouchers are forwarded along the supply chain to the retailer, resulting in each actor paying only for the EH impact damage they themselves created. By installing carbon neutral systems and otherwise preventing EH damage, the corresponding cost of EH-vouchers for “current damage” can be reduced to zero. The resulting savings remain and benefit participating sellers and buyers and work towards a rapidly more sustainable society. By providing a financial penalty to EH-damages done, equal to the cost of restoration of natural resources and humane conditions, the method solves the almost two centuries old “Tragedy of the Commons” for which the concepts extend back to antiquity (Aristotle).