TY - JOUR
T1 - Sustainable fuel, food, fertilizer and ecosystems through a global artificial photosynthetic system
T2 - Overcoming anticompetitive barriers
AU - Bruce, Alex
AU - Faunce, Thomas
N1 - Publisher Copyright:
© 2015 The Author(s) Published by the Royal Society. All rights reserved.
PY - 2015
Y1 - 2015
N2 - This article discusses challenges that artificial photosynthetic (AP) systems will face when entering and competing in a global market characterized by established fossil fuel technology. It provides a perspective on the neoliberal principles underpinning much policy entrenching such environmentally destructive technology and outlines how competition law could aid overcoming these hurdles for AP development. In particular, it critiques the potential for competition lawto promote a global AP initiative with greateremphasis on atmospheric carbon dioxide and nitrogen fixation (as well as solar-driven water splitting) to produce an equitable, globally distributed source of human food, fertilizer and biosphere sustainability, as well as hydrogenbased fuel. Some relevant strategies of competition law evaluated in this context include greater citizen–consumer involvement in shaping market values, legal requirements to factor services from the natural environment (i.e. provision of clean air, water, soil pollution degradation) into corporate costs, reform of corporate taxation and requirements to balance maximization of shareholder profit with contribution to a nominated public good, a global financial transactions tax, as well as prohibiting horizontal cartels, vertical agreements and unilateral misuse of market power.
AB - This article discusses challenges that artificial photosynthetic (AP) systems will face when entering and competing in a global market characterized by established fossil fuel technology. It provides a perspective on the neoliberal principles underpinning much policy entrenching such environmentally destructive technology and outlines how competition law could aid overcoming these hurdles for AP development. In particular, it critiques the potential for competition lawto promote a global AP initiative with greateremphasis on atmospheric carbon dioxide and nitrogen fixation (as well as solar-driven water splitting) to produce an equitable, globally distributed source of human food, fertilizer and biosphere sustainability, as well as hydrogenbased fuel. Some relevant strategies of competition law evaluated in this context include greater citizen–consumer involvement in shaping market values, legal requirements to factor services from the natural environment (i.e. provision of clean air, water, soil pollution degradation) into corporate costs, reform of corporate taxation and requirements to balance maximization of shareholder profit with contribution to a nominated public good, a global financial transactions tax, as well as prohibiting horizontal cartels, vertical agreements and unilateral misuse of market power.
KW - Artificial photosynthesis
KW - Carbon dioxide fixation
KW - Competition law
KW - Environmental sustainability
KW - Food and fuel security
UR - http://www.scopus.com/inward/record.url?scp=84928343386&partnerID=8YFLogxK
U2 - 10.1098/rsfs.2015.0011
DO - 10.1098/rsfs.2015.0011
M3 - Review article
SN - 2042-8898
VL - 5
SP - 1
EP - 9
JO - Interface Focus
JF - Interface Focus
IS - 3
ER -