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					Property rights &
    resource
  management
 ASPO conference 2003, Paris

      Dr Paul E. Metz
   INTEGeR… consult, NL
 The equitable allocation
  – per capita equal – of
environmental user rights

1.   a conditio–sine–qua–non for fairness,
     human rights and sustainable globalisation

2.   creates ownership, which brings stewardship
     and a self-interest to conserve this capital
     The 3 economic factors
   Natural capital                          Nature             Planet

   Human capital                            Labour             People

   Financial capital                        Money              Profit

Scarcity -> prices -> substitution

               INTEGeR... consult - for ASPO - May 2003 Paris
        Who owns Nature ?
   Theocracy – God, but who takes care ?
   Feudalism – the King or Sheik
   Oligarchy – an Elite of friends of King
   Socialism – States on behalf of citizens
   Liberalism – Citizens have equal rights

Best fit for democracy & free market ?

               INTEGeR... consult - for ASPO - May 2003 Paris
            Natural capital
   Natural resources
   Finite reserves, stocks, ‘trees’
   Traditional ‘hard’ commodities – tonnes

   Environmental resources
   Renewable flows, harvests, ‘fruits’
   New ‘soft’ commodities – certificates,
    money-like

               INTEGeR... consult - for ASPO - May 2003 Paris
    Oil and air comparable ?
   OIL
   geography, sovereignty                    simple
   global common                             NO (oceans ?)

   AIR
   Chief Seattle: How can man own the air ?
   global common            YES

   AIR = supranational natural resource – UN role

                INTEGeR... consult - for ASPO - May 2003 Paris
           How to control
      environmental resources
   Ethics – “voluntarily”, “Type 2 partnerships”

   Legal regulation – legal standards

   Fiscal regulation – green taxes for State

   Resource trade regulation – cap on use,
    allocate/auction/give & trade resource/emission
    allowances – benefits … ?
                 INTEGeR... consult - for ASPO - May 2003 Paris
    Origin of financial capital
   Savings from income - earn enough ?

   Heritage                                 - “grandfathering”

   Loan from friends                        - rich friends ?

   Loan from a bank                         - have collateral ?

               INTEGeR... consult - for ASPO - May 2003 Paris
     “Alternative” collaterals
   Thomas Paine                        1700 society
                  social rent          – basic income
   Henry George                        1900 collective land
                  land rent            – basic income
   Amartya Sen                         1980 society
                  community            - non-income social benefits
   Mohamed Yunus                       1980 social group
                  micro credit         - loans for “have-nots” – temporary
   Governor of Alaska                  1980 oil & gas rights
                  Permanent Fund - annual cheque for each citizen – forever
   Hernando de Souza                   1990 individual land rights
                  ‘normal’ credit      - new land titles
   Anil Agarwal c.s.                   1990 user rights of nature
                  - Earth dividend - for each citizen – forever – worldwide



                       INTEGeR... consult - for ASPO - May 2003 Paris
        Creation of Wealth
   Citizens need access to capital
   Collateral needed ? Natural resources !
   Spreads capitalism democratically : Bush
    “the oil belongs to the people of Iraq”
   Kyoto until 2012 : grandfathered emission
    quota –> without Dev Countries - USA out
   Kyoto after 2012 : equity-based, attracts
    Dev Countries -> USA will follow ....
               INTEGeR... consult - for ASPO - May 2003 Paris
            Earth Dividend
   Only states can organise “the economy”
   Privatise exploitation global commons
    within sustainable, dynamic limits
   Private companies compete on ‘good’
    efficiency, not on ‘bad’ speculation
   All citizens are shareholders – cannot
    sell their share, but are free to go to best
    buyer for their annual ‘coupon’

               INTEGeR... consult - for ASPO - May 2003 Paris
Benefits of Earth Dividend

   Allocated rights : self-interest to protect
   Applies the Polluter Pays Principle
   Makes emission trade a ‘fair’ trade
   Rewards non-pollution with income
   Is instrument for Sustainable Globalisation
   Less-corrupt growth “bottom-up” in SMEs
   Compatible with free market & democracy
    & decolonisation – ends “climate slavery”


               INTEGeR... consult - for ASPO - May 2003 Paris
       What does it mean ?
   IPCC-climate vs. IEA & ASPO scenario’s 
   2 billion non-emitting poor ( ‘no access’ )
   each 2 ton Co2-eq @ euro 5,- ( no USA) =
    20 billion euro/yr additional ‘ODA’
   ditto, with USA @ euro 10,- : 40 billion
   10 or 20 euro /year /capita extra for
    investment in emission-free machines
   CO2 is only a start, the first ‘common’
               INTEGeR... consult - for ASPO - May 2003 Paris
         Research agenda
   Involve mainstream economists
   Ethics & political economics !
   Price formation of public goods
   Analyse Alaska Permanent Fund

Basic Income, Socio-Eco Tax Reform,
 Tobin Tax vs ‘charity’ social security

             INTEGeR... consult - for ASPO - May 2003 Paris
                     Contact

Dr Paul E. Metz
INTEGeR… consult, NL

Projects   “Entrepreneurs for Equity”
           “Make emission trade a FAIR trade”

metz@integerconsult.org
www.integerconsult.org
              INTEGeR... consult - for ASPO - May 2003 Paris

				
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