Fuel Rent Dividend
The roughly $7 to $8 trillion the world pays annually for fossil fuels. The Fuel Rent Dividend names the surplus that gets liberated as manufactured energy substitutes for extractive energy.
The approximately $7 to $8 trillion per year that the global economy currently pays to extract and burn fossil fuels. As manufactured energy substitutes for extractive energy, that spending is progressively liberated. The Fuel Rent Dividend names the economic surplus released by the transition and available to finance the rest of the High-Energy Repair, including the $3 trillion per year required for carbon removal at scale.
First introduced in: Chapter 1; Chapter 4