Property rights

1
Property rights resource management

• ASPO conference 2003, Paris
• Dr Paul E. Metz
• INTEGeR consult, NL

2
The equitable allocation per capita equal
of environmental user rights

• a conditiosinequanon for fairness, human
  rights and sustainable globalisation
• creates ownership, which brings stewardship and a
  self-interest to conserve this capital

3
The 3 economic factors

• Natural capital Nature Planet
• Human capital Labour People
• Financial capital Money Profit
• Scarcity - prices - substitution

4
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 ?

5
Natural capital

• Natural resources
• Finite reserves, stocks, trees
• Traditional hard commodities tonnes
• Environmental resources
• Renewable flows, harvests, fruits
• New soft commodities certificates,
  money-like

6
Oil and air comparable ?

• O I L
• geography, sovereignty simple
• global common NO (oceans ?)
• A I R
• Chief Seattle How can man own the air ?
• global common YES
• AIR supranational natural resource UN role

7
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 ?

8
Origin of financial capital

• Savings from income - earn enough ?
• Heritage - grandfathering
• Loan from friends - rich friends ?
• Loan from a bank - have collateral ?

9
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

10
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 ....

11
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

12
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

13
What does it mean ?

• IPCC-climate vs. IEA ASPO scenarios ?
• 2 billion non-emitting poor ( no access )
• each 2 ton Co2-eq _at_ euro 5,- ( no USA) 20
  billion euro/yr additional ODA
• ditto, with USA _at_ 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

14
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

15
Contact

• Dr Paul E. Metz
• INTEGeR consult, NL
• Projects Entrepreneurs for Equity
• Make emission trade a FAIR trade
• metz_at_integerconsult.org
• www.integerconsult.org