Global Coordination: Weighted Voting

In order to halt the depletion of global ecological capital, a number of different kinds of meetings
between Governments of countries in the world has been scheduled. The need for global
coordination of environmental policies has become ever more obvious, supported by more and more
evidence of the running down of ecological
capital. But there are no formal or binding arrangements
in sight, as global environmental coordination suffers from high transaction costs (qualitative voting).
The CO2 equivalent emissions, resulting in global warming, are driven by the unstoppable
economic
expansion in the global market economy, employing mainly fossil fuel generated energy, although at
the same time lifting sharply the GDP per capita of several emerging countries. Only global
environmental coordination on the successful model of the World Band and the IMF (quantitative
voting) can stem the rising emissions numbers and stop further environmental degradation. However,
the system of weighted voting in the WB and the IMF must be reformed by reducing the excessive
voting power disparities, for instance by reducing all member country votes by the cube root
expression.