I thought I might challenge your imaginations and ask a few “what if” questions here, on Financial Wellness related ideas, to see what we imagine our future could be like.
What if we managed to (reasonably accurately) calculate everyone’s household Carbon footprint, and used this to create a Carbon Score (like a Credit Score for your environmental impact)?
What could it mean?
What would it be like to live in a world where the taxes you pay, and maybe even interest you earn/pay are affected by your environmental impact, with higher borrowing costs for those who already consume a great deal? Or maybe better savings rates for those who have minimised their emissions, so that they benefit from their efforts?
How would you rate, and do you think this could have a positive effect on taking action on climate change? Or would it be regressive and not change behaviour in the places it is needed most?