A monetary policy solution to to the climate crisis : The Indicator from Planet Money 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.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

The carbon coin: A novel idea

The carbon coin: A novel idea

  • Download
  • <iframe src="https://www.npr.org/player/embed/1136169902/1136447266" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Paul Ellis/AFP via Getty Images
TOPSHOT - Delegates sit in the Action Zone as they attend the third day of the COP26 UN Climate Summit in Glasgow on November 3, 2021. (Photo by Paul ELLIS / AFP) (Photo by PAUL ELLIS/AFP via Getty Images)
Paul Ellis/AFP via Getty Images

Kim Stanley Robinson's 2020 sci-fi novel The Ministry for the Future imagines a not-too-distant world where central banks worldwide come together to create a carbon coin, a monetary-policy-based solution to the climate crisis. The idea has been sparking real word debate in policy circles. What can a novel teach us about the role of central banks in addressing the climate crisis?

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.