Peter Barnes (entrepreneur)
Encyclopedia
Peter Barnes is an American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 entrepreneur
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...

, environmentalist
Environmentalism
Environmentalism is a broad philosophy, ideology and social movement regarding concerns for environmental conservation and improvement of the health of the environment, particularly as the measure for this health seeks to incorporate the concerns of non-human elements...

, and journalist
Journalist
A journalist collects and distributes news and other information. A journalist's work is referred to as journalism.A reporter is a type of journalist who researchs, writes, and reports on information to be presented in mass media, including print media , electronic media , and digital media A...

.

Early life

Barnes grew up in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

. He earned a B.A. in history from Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...

 and an M.A. in government from Georgetown
Georgetown University
Georgetown University is a private, Jesuit, research university whose main campus is in the Georgetown neighborhood of Washington, D.C. Founded in 1789, it is the oldest Catholic university in the United States...

.

Journalist

Barnes began his career in journalism working as a reporter for The Lowell Sun in Lowell, Massachusetts
Lowell, Massachusetts
Lowell is a city in Middlesex County, Massachusetts, USA. According to the 2010 census, the city's population was 106,519. It is the fourth largest city in the state. Lowell and Cambridge are the county seats of Middlesex County...

. He later became a Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....

 correspondent for Newsweek
Newsweek
Newsweek is an American weekly news magazine published in New York City. It is distributed throughout the United States and internationally. It is the second-largest news weekly magazine in the U.S., having trailed Time in circulation and advertising revenue for most of its existence...

and was subsequently employed as a west coast correspondent for The New Republic
The New Republic
The magazine has also published two articles concerning income inequality, largely criticizing conservative economists for their attempts to deny the existence or negative effect increasing income inequality is having on the United States...

.

Entrepreneur

In 1976, Barnes co-founded a worker-owned solar energy company in San Francisco, California. In 1983, he co-founded Working Assets Money Fund.

He served as president of Working Assets Long Distance in the 1980s. In 1995, Barnes was named Socially Responsible Entrepreneur of the Year for Northern California.

Environmentalism

Barnes is an ardent environmentalist
Environmentalism
Environmentalism is a broad philosophy, ideology and social movement regarding concerns for environmental conservation and improvement of the health of the environment, particularly as the measure for this health seeks to incorporate the concerns of non-human elements...

 and an outspoken advocate of the need to reduce carbon emissions. He originated the terms "Capitalism 3.0" and "Sky Trust". These terms describe his proposal for a "cap and dividend
Cap and dividend
Cap and Dividend is a market-based trading system which retains the original capping method of cap and trade, but also includes compensation for energy consumers...

" program", modeled on the Alaska Permanent Fund
Alaska Permanent Fund
The Alaska Permanent Fund is a constitutionally established permanent fund, managed by a semi-independent corporation, established by Alaska in 1976, primarily by the efforts of then Governor Jay Hammond...

, which Barnes maintains will reduce greenhouse emissions and create a citizens dividend for all Americans.

Barnes contends that his proposals are more workable and sustanable than that of the cap-and-trade
Emissions trading
Emissions trading is a market-based approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants....

 policies of the Kyoto Protocol
Kyoto Protocol
The Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change , aimed at fighting global warming...

.

Since 2003, Barnes has authored three books that deal specifically with his environmental ideas and proposed solutions.

Sky Trust proposal

The Sky Trust proposal is based on the idea that each and every American owns the sky as if it were a common asset. Sky Trust's goal would be to "promote climate stability by: limiting the amount of carbon that can be that can be put into the atmosphere; allowing the free market to set a price on the right to emit carbon; collecting revenue from those who buy those rights; and returning earned revenue to the owners of the sky." Sky Trust is a "cap and dividend" system that would have to be implemented by Congress in order to be fully functional. This particular cap and trade system would allow private companies to buy market value permits that allowed them to emit a certain amunt of carbon into the air. Companies can trade permits with each other in order to suit their permit needs for carbon emission as well. The revenue generated from the selling - by the government - of permits to the companies would be shared among American citizens.

External links

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