A senior executive at the multinational banking and financial services company Rabobank has called for personalized carbon wallets that give individual citizens “emission rights” and allow wealthier citizens to buy emission rights from those who can’t afford to fly.
Barbara Baarsma, who is the CEO of Rabo Carbon Bank, a division of Rabobank that allows its customers to buy and sell CO2 credits, announced her proposal for personalized carbon wallets during an appearance on the Dutch radio station BNR Newsradio.
“What if we now have all the remaining rights we still have when it comes to the emission of CO2 equivalents, greenhouse gases?” Baarsma said. “If we just let everyone start the Netherlands distributing emission rights and that every household or every citizen and amount get emission rights until we have money.”
Baarsma continued by proposing that these emission rights could be managed via a personalized “carbon wallet” and noted that wealthier citizens who want to fly can buy emissions rights from citizens that don’t have the money to fly.