Human-induced climate crisis is destroying the capacity of our planet to support our species and other life at an unprecedented rate. The most urgent of climate crisis tipping points is Arctic warming and sea ice loss. It is estimated that Arctic summer sea ice loss, that could—based on current trends—occur in one or two decades, would cause an abrupt 0.5 Watts per square meter increase in global warming above preindustrial levels that would be roughly equivalent to the effect of more than seventeen years of greenhouse gas (GHG) emissions if it occurred today. A Global Green New Deal (GGND) will require at least three phases and three funding sources. The three overlapping phases are (a) short-run climate restoration or triage, (b) medium-term soil carbon sponge and water cycle adaptation or regeneration, and (c) long-run GHG drawdown or mitigation. The three funding sources are (a) utilizing the sovereign of the US government and Federal Reserve to create dollars, (b) taxing GHG emissions, and (c) taxing wealthy and high-income individuals with a particular focus on rentiers. The ex-nihilo financial support offered by the Fed to bail out the global financial system from 2008 to 2011 would have been almost sufficient to fund a 2020–2050 comprehensive GGND that includes all of the components above.

中文翻译：

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金融救助支出几乎可以支付全球绿色新政气候三十年的费用：分类、再生和缓解

人类引发的气候危机正在以前所未有的速度摧毁我们星球支持我们的物种和其他生命的能力。最紧迫的气候危机临界点是北极变暖和海冰流失。据估计，根据目前的趋势，北极夏季海冰损失可能会在一到二十年内发生，将导致全球变暖比工业化前水平每平方米突然增加 0.5 瓦，这大致相当于超过 17 年的温室气体 (GHG) 排放，如果它发生在今天。全球绿色新政 (GGND) 至少需要三个阶段和三个资金来源。三个重叠阶段是 (a) 短期气候恢复或分类，(b) 中期土壤碳海绵和水循环适应或再生，(c) 长期温室气体减排或减缓。这三个资金来源是 (a) 利用美国政府和美联储的主权创造美元，(b) 对温室气体排放征税，以及 (c) 对特别关注食利者的富人和高收入个人征税。美联储在 2008 年至 2011 年期间为救助全球金融体系而提供的从无到有的金融支持几乎足以为 2020-2050 年的综合 GGND 提供资金，其中包括上述所有组成部分。