
The First and Last Bank
Climate Change, Currency, and a New Carbon Commons
$72.90
- Paperback
264 pages
- Release Date
17 June 2025
Summary
A groundbreaking approach to currency and community that may allow us to seize carbon from the atmosphere—and offer a new tool in the fight against climate change.
Through the ages, currencies have been based on all manner of objects—from tobacco leaves to salt to gold to collateralized debt obligations. The only thing that this odd assortment of objects shares is the communal belief that these objects could harness and direct economic growth—that they are, in a sense…
Book Details
| ISBN-13: | 9780262049641 |
|---|---|
| ISBN-10: | 0262049643 |
| Author: | Gustav Peebles, Benjamin Luzzatto |
| Publisher: | MIT Press Ltd |
| Imprint: | MIT Press |
| Format: | Paperback |
| Number of Pages: | 264 |
| Release Date: | 17 June 2025 |
| Weight: | 369g |
| Dimensions: | 152mm x 229mm |
| Series: | One Planet |

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Critics Review
“If we ever get around to developing coherent public policy to deal with the climate crisis, this is a particularly fascinating—and beautifully explicated—idea. It made me think of some of the ideas from Kim Stanley Robinson’s Ministry for the Future, translated into nonfiction.”
—Bill McKibben, author of The End of Nature
“In this exciting and original co-creation, Gustav Peebles and Benjamin Luzzatto draw from faith and wisdom traditions as they envision a way to align our monetary and banking systems with the natural systems of the earth.”
—Karenna Gore, Founder and Executive Director, Center for Earth Ethics
“The grassroots carbon-banking system proposed by Peebles and Luzzatto can mobilize the regenerative agriculture community in a global effort to grow a garden planet. A wildly creative and important vision for a world in need of repair.”
—Rattan Lal, Distinguished University Professor of Soil Science, the Ohio State University
“As much a provocative reflection on the intertwining of money and morality as it is a call to action on the climate crisis, The First and Last Bank provides a roadmap for reimagining our carbon economy.”
—Bill Maurer, Dean, School of Social Sciences, UC Irvine; coeditor of Paid: Tales of Dongles, Checks, and Other Money Stuff
“An inspiring thought experiment with real-world potential.”
—Mother Jones
Gustav Peebles
Gustav Peebles
Gustav Peebles is Associate Professor of Anthropology at Stockholm University. His research is focused on the history of monetary policy.
Ben Luzzatto
Ben Luzzatto is an interdisciplinary artist and professor at the Maryland Institute College of Art in Baltimore. His work draws from a variety of fields, including sculpture, ecology, architecture, and object design.
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