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The Indicator from Planet Money

The carbon coin: A novel idea

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 17 November 2022

⏱️ 9 minutes

🧾️ Download transcript

Summary

What if we could engineer a path towards solving the climate crisis...with monetary policy? Kim Stanley Robinson's novel The Ministry for the Future considers this question, and the idea is catching on in real life too.

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Transcript

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0:00.0

NPR.

0:07.0

This is the Indicator for Planet Money.

0:13.6

I'm Adrian Ma.

0:14.8

And I'm Whalen Wong.

0:16.3

All this week on the Indicator, we've been looking at how economics can address the climate

0:20.5

crisis.

0:21.5

And when we started working on this series, I knew right away who I wanted to talk to.

0:26.3

And maybe you're thinking we wanted to call up a Nobel economist, or maybe a climate

0:30.9

activist, like a Greta Tumberg type.

0:33.4

Nope.

0:34.4

I wanted to talk to the science fiction author Kim Stanley Robinson.

0:38.7

And I know this is kind of a departure for us, but hear me out.

0:42.1

About a year ago, my husband handed me this novel called The Ministry for the Future

0:46.1

by Kim Stanley Robinson.

0:47.9

And he said, you have to read this book.

0:49.8

It's all about central banks and quantitative easing.

0:53.1

Right. And just to be clear, this is a novel, not an e-context book, or like Ben Bernicke's

0:59.9

memoir.

1:00.9

Exactly.

1:01.9

It is a science fiction novel published in 2020, and it's about a newly formed group at

1:06.5

the United Nations that's tasked with, you know, saving the planet.

1:10.6

And the boldest idea this group comes up with, their Hail Mary Plan for the Biosphere,

...

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