There is a way to slash emission of greenhouse gases that’s politically practical. It’s called a “sky trust” and it’s roughly analogous to the Alaska Permanent Fund, which since 1976 has sent every Alaska resident a dividend check each year with a share of the state’s oil revenues.

The notion of a huge public trust begins with two simple ideas that have the potential to cut the Gordian knot on energy policy. The notion is the brainchild of Peter Barnes, author of Capitalism 3.0.