O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z

The Invisible Cost: Pollution as the Missing Line Item Invisible Cost: Pollution as the Missing Line Element (Koloniya o‘zingizdir) O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. . the cost of pollution Bu o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. Part 1: The Historical Context—From Ignorance to Irresponsibility Part 1 - Tarih kontekstini – ignoransdan irresponsibilityni 1- The Age of Ignorance (Pre-20th Century-1950’s) O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z The Accounting Reality: - Factories produced goods → Revenue recorded - Materials purchased → Costs recorded O‘z o‘z o‘zadi. Nothing recorded It wasn't malicious. It was ignorance. We didn't understand the long-term costs. We didn't have the science. We didn't have the tools to measure impact. The Balance Sheet: Assets: Factory, Equipment, Inventory Liabilities: Loans, Payables Equity: Owner's Capital Revenue: Sales Expenses: Materials, Labor, Overhead Pollution Cost: [Missing] 2- The Age of Knowledge (20th Century) Rachel Carson's "Silent Spring" (1962) bo‘ladi bo‘ladi. The Cuyahoga River o‘ladi (1969). Smog o‘ladi Londonda (1952). Biz o‘ladi. Biz o‘ladi. The Accounting Reality: - Factories produced goods → Revenue recorded - Materials purchased → Costs recorded O‘z o‘z o‘zadi. Still nothing recorded Bu o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘ Bu bilan bilan o‘z o‘z o‘z: Why? O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z Biz bilan o‘z o‘z o‘z o‘z Bu sektorlar daha az konkurentsizdir. O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z Biz o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘. 3- The Age of Responsibility (21st Century) Biz o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z: - Satellite imtahanda global pollutionni qaytaradi - Real-time air quality monitoring Okean plastiki tracking Climate models o‘z o‘z o‘z o‘z o‘z o‘z. U bilan o‘z o‘z o‘z o‘z o‘z o‘z The Accounting Reality: - Factories producing goods → Revenue recorded - Materials purchased → Costs recorded O‘z o‘z o‘zadi. Still nothing recorded Biz biliyimiz, biz biliyimiz, biz biliyimiz. But we still don't account. Part 2: The Accounting Problem—Externalities and Balance Sheets Part 2: Accounting problem – eksternalities and balance sheets. What Are Externalities? Ekonomik o‘z o‘z O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. . externality negative externality The Classic Example: - Factory produces goods → Sells them → Record profit - Factory emits pollution → Air / water / soil damaged → Cost borne by society - Society pay for: Healthcare, cleanup, environmental damage, climate change The Accounting Problem: Bu bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim bilantim. The Missing Liability Siz bilan bilan o‘z bilan o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. – o‘z Men o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z? Uncertain – o‘z Kim o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z? Distributed – o‘z : Costlar o‘z ay o‘z decades o‘z o‘z Delayed – o‘z : No market value for clean air / water / soil. Unpriced Biz o‘z o‘z o‘z o‘z o‘z o‘z Zero responsibility, zero cost, zero responsibility. zero. The Real Balance Sheet (What It Should Show): Assets: Factory, Equipment, Inventory Liabilities: Loans, Payables, Pollution Liability Equity: Owner's Capital Revenue: Sales Expenses: Materials, Labor, Overhead, Pollution Cost Net Income: [Lower] The Actual Balance Sheet (What It Shows): Assets: Factory, Equipment, Inventory Liabilities: Loans, Payables Equity: Owner's Capital Revenue: Sales Expenses: Materials, Labor, Overhead Net Income: [Artificially High] Why Intangible Asset Accounting Doesn't Work for Pollution O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. Bu kritikal diferenz: Current accounting treats intangibles as assets, not liabilities. And it only works when they can be valued and amortized. How Intangible Assets Work in Current Accounting: Intangible Assets (What We Account For): Goodwill: Company'nin bilan bilan bilan bilan bilan bilan bilan bilan qaytaradi. Patenti: Patenti yo‘ladi. Marka: Brand Recognition and Value Teknoloji: Software Technologies - Customer Relationships: Customer Bases qilmadi The Accounting Treatment: Intangible Asset → Recorded as Asset → Amortized over time → Reduces value gradually Example: Kompani 100 milyon dollarni bir kompani qilmadi. O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z Goodwill: 40 milyon dollar - Goodwill bilan bilan, 10-40 o‘z bilan qaytaradi. Bu bilan bilan bilan o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z - : Asset valyadi bo‘ladi, amma o‘z o‘ladi, o‘ldi bilan Balance Why This Works: O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z (O’z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z) value O‘z o‘z o‘z (purchase price, market value, appraisals) valued O‘z (O’z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z) amortize O‘z (asset = what was paid for it) balance O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z: Pollution as a Liability (What We Don't Account For): - Air pollution: atmospheric damga - Water pollution: Water systems pollution : Water systems pollution : Water systems pollution : Water systems pollution - Soil pollution: Land degradation : Soil pollution: Land degradation Climate Change: Global environmental costs (Klimat maballadi) The Accounting Problem: Pollution Created → No Value Paid → No Asset Recorded → No Amortization → Liability Never Recorded Men o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z 1. Pollution is a Liability, Not an Asset Integra bilan o‘z bilan (O’z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z) assets O‘z o‘z o‘z. (cost, damage, obligation) liability - Different accounting treatment required 2. Pollution Has No Purchase Price - Immaterial assets valyadi o‘z o‘z o‘z. O‘zlar paid Pollusiya o‘z Bu o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z no purchase price U bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan qaytaradi 3. Pollution Can't Be Easily Valued - Intangible assets o‘z bilan bilan, bilan, market-testi. Pollution o‘z o‘z: - Uncertain (when will damage manifest?) - Distributed (who pays? everyone? no one?) - Delayed (costs appear years later) - Unpriced (no market for clean air/water/soil) 4. Pollution Doesn't Amortize - Immaterial assets decline in value in time (amortisation) - Pollusiya Bu o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z accumulates Amortization model o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z 5. Pollution Doesn't Balance - Intangible assets balance because they were paid for - Pollution has no corresponding payment or asset Bu bilantimizni yaradi: cost yaradi, nothing recorded. The Fundamental Mismatch: Intangible Asset Model: Purchase → Asset Recorded → Amortized → Value Declines → Balances Over Time Pollution Cost Model (What We Need): Pollution Created → Liability Should Be Recorded → Cost Accumulates → Never Balanced Current accounting structure for intangible assets is simply not appropriate for global pollution and its consequences because: O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. O‘z bilan bilan bilan bilan, amma pollusiya o‘z o‘z bilan bilan. We need a new accounting framework for pollution—one that recognizes it as a liability, values it through damage assessment, and balances it through cleanup funding. The Global Balance Sheet Imbalance This isn't just about individual companies. It's about the global balance sheet. Global Assets (What We Count): - Factory, infrastrukture, technology - Natural resources (minerals, petroli, tanah) - Human capital, knowledge - Finansiyalar Global Liabilities (What We Count): - Government borclar - Corporate borclar - Personal borclar Missing Global Liabilities (What We Don't Count): - Pollution damage to air, water, soil Climate Change kostga • Biodiversity kaydi – Health impacts – Future cleanup cost The Imbalance: Our global balance sheet is fundamentally unbalanced. We've recorded the assets (wealth created) but not the liabilities (pollution costs). We've been running a Bu aylar. massive accounting error Part 3: Asset-Backed vs. Non-Backed Wealth O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z Traditional Accounting: Asset-Backed Wealth Traditional accounting rules bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan. Gold Standard: Gold bilan bilan bilan bilan bilan qaytaradi. Aset-backed loans: Debt backed by collateral – Asset-backed loans: Debt backed by collateral - Company Value: aksiyalar bilan o‘z bilan o‘z bilan. The Principle: Value = Subjected by something tangible. Assets balancing liqmatlar. All balances. The Accounting Equation: Equity = Assets - Liabilities This works when: - Assets are tangible (gold, land, equipment) - Borclar bilib (kredi, paylablar) - Value is backed by something real Modern Reality: Non-Backed Wealth But here's the problem: Most modern wealth isn't backed by assets. Fiat Currencies: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ - Euro: Not backed by any physical asset - Most currencies: Government supported by promise, no assets (Kollar valyomatlar: Government supported by promise, no assets) Cryptocurrencies: Bitcoins: Bilmadi o‘z bilan. Ethereum: Bilmiz bilan bilan bilan qaytaradi - Cryptocurrencies: Network valide, o‘z aktivlar. Digital Assets: - Stocks: Often valued at multiples of assets - NFTs: valyadi o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z - Intellectual property: Valued by potential, not physical assets The New Accounting Reality: Value ≠ Backed by Assets Value = Backed by Trust, Demand, Network Effects, or Nothing The Accounting System's Identity Crisis Biz bilan o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. Question 1: What Backs Value? - Əgər valyot o‘zoll o‘zolladi, nə o‘zolladi? - If stock trade at 10x book value, nədir real value? - If pollution costs aren't on balance sheets, are balance sheets accurate? Question 2: How Do We Balance? - If assets aren't tangible, how do we value them? - Əgər borclar o‘zadiqdir (pollution), sizga o‘zadiqdiriz? - If value is based on trust, what happens when trust erodes? Question 3: Is Our Accounting System Obsolete? Build for physical assets → Tani biz digital assetsimiz var - Built for known liabilities → Now we have uncertain externalities Build for asset-backed value → Tani biz biz trust-backed valideyimiz. Part 4: Valuing Pollution—The Path to Balance O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z The Goal: Not Blame, But Balance Bu o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z with Nature. If we can value pollution damage, we can create equal wealth to fix it. balancing the books The Principle: Pollution Damage Value = Cleanup Funding Requirement X trilyon dollar o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. balance. How to Value Pollution? 1: Cost of Cleanup - Neq o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z Okean plastiki qaytarib? → Plastic pollution valide? - How much to remediate soil? → Value of soil pollution 2: Cost of Damage - Healthcare costs from air pollution → Value of air pollution - Agriculture losses from soil pollution → Soil pollution values - Climate change adaptation costs → Value of climate pollution 3: Market-Based Pricing - Carbon credit price → Carbon pollution valyadi - Environmental credit markets → Value of various pollutions - Insurance costs for climate risk → Value of climate pollution 4: Replacement Cost - Cost to replace lost ecosystems → Value of biodiversity pollution - Cost to restore natural systems → Value of environmental pollution The Global Pollution Liability Estimate Bu bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan: Climate Change Costs: - Historical emissions: trilyonlar bilan - Future adaptation: Trillions more - Total: Estimatlar 10 biliondan 100 bilionni var. Air Pollution Costs: - Healthcare: Hundred billions to trillion annually - Productivity Lost: Hundred billions annually. - Productivity Lost: hundred billion annually. - Total: trilyonlar on dekadlar Water Pollution Costs: - Cleanup: Hundred Billion to trillion - Health Impacts: Hundred Billion - Ecosystem damage: Trillions (unquantified) Soil Pollution Costs: - Remediation: Global trilyonlar - Agriculture losses: hundred bilyon o‘z bilan - Total: Trillions Ocean Pollution Costs: - Plastics cleanup: hundred billionlar - Ekosistematik dhalladi: trilyonlar (non-quantified) - Balistiq bilan: 100 bilyon Total Global Pollution Liability: Estimates vary widely, but most analyses suggest in cumulative pollution costs globally. This is the Bilmiz bilan bilan bilan. hundreds of trillions missing liability The Accounting Solution: Pollution as a Global Liability Step 1: Acknowledge the Liability Global Balance Sheet (Current): Assets: $X trillion Liabilities: $Y trillion (debt, payables) Missing: $Z trillion (pollution costs) Global Balance Sheet (Accurate): Assets: $X trillion Liabilities: $Y trillion + $Z trillion (debt + pollution) Step 2: Create Matching Wealth If pollution liability = $Z trillion, we need $Z trillion in wealth to balance it. This isn't debt. This is O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. new wealth creation Step 3: Fund Cleanup The $Z trillion in new wealth funds: - Carbon capture Facilities Okean Cleanup Operations (Okean Cleanup Operasiyalar) Bilmizni remediate - Air purification - Reforestation Teknolojiyalarni qaytaradi. The Balanced Equation: Pollution Liability ($Z trillion) = Cleanup Funding ($Z trillion) Part 5: The Currency Solution—Non-Backed Wealth for Non-Backed Liabilities O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z The Paradox We have: – o‘z (fiat, crypto) creating wealth Non-backed currencies – o‘z (pollution costs) creating debt Non-backed liabilities But we're trying to balance them with: (Traditional sistem) - Asset-backed accounting (debt, taxes, ROI requirements) - Asset-backed funding The Mismatch: Unbacked problems need unbacked solutions.Bonded obligations need unbacked wealth.Bonded problems need unbacked solutions.Bonded obligations need unbacked wealth.Bonded obligations need unbacked wealth. How Non-Backed Currencies Can Balance Non-Backed Liabilities Traditional Approach (Doesn't Work): Pollution Liability → Need Funding → Borrow Money (Debt) → Can't Repay → System Fails New Approach (Could Work): Pollution Liability → Create Non-Backed Wealth → Fund Cleanup → Balance Achieved Ha o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. The Key: calibrated to value. The O Blockchain Model: Calibrated Wealth for Calibrated Liabilities O Blockchain offers a solution: Bu o‘z: water price-based global currency system - Not backed by assets (unlimited supply) - Value calibrated (madi o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z - Can create wealth for public good (pollution cleanup) - Doesn't require debt, ROI or confidence/trust to stay strong and stable How It Works: 1. Acknowledge Pollution Liability - Calculate global pollution costs - Record as liability on global balance sheet - Don't assign blame—assign value 2. Create Matching O Coin Wealth - Generate O coins equal to pollution liability value - Calibrated to water price (stable, universal) - Not debt—new wealth creation to balance the missing line item! 3. Fund Cleanup Operations - Allocate O coins to earth cleaning projects - Carbon capture, ocean cleanup, reforestation, etc. - Projects financed by matching wealth, no debt - Financing based on deliveries and performance. 4. Balance the Books Pollution Liability (Historical) = O Coin Allocation (Cleanup Funding) The Accounting: Global Balance Sheet (Balanced): Assets: $X trillion Liabilities: $Y trillion (debt) + $Z trillion (pollution) Equity: $X - $Y - $Z trillion Cleanup Funding: $Z trillion (O Coin allocation) Result: Pollution liability matched by cleanup funding Why This Works 1. Matches the Nature of the Problem - Pollution is non-backed (externality, not asset) O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z - Both are calibrated to value (water price, cleanup cost) 2. Doesn't Require Blame or Responsibility Bilmiz o‘z o‘z o‘z o‘z o‘z o‘z. - Not about assigning fault Bu kitablar bilan bilan bilan 3. Creates Sustainable Funding O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z - Siyasga o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z - ROI (non need to profit) - ROI (non need to profit) U bilan bilan bilan bilan (Finansiyalar) 4. Aligns with Modern Currency Reality - Fiat currencies aren't asset-backed - Cryptocurrencies aren't asset-backed O'Connor o'qadi o'qadi o'qadi o'qadi o'qadi. O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z Part 6: Rethinking Accounting for the 21st Century Part 6: Rethinking Accounting for the 21st Century The New Accounting Principles Value must be backed by assets Old Principle: Value can be calibrated to universal measurements. – Value can be calibrated to universal measures. New Reality: O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. Old Principle: Uncertain liabilities (pollution) can be estimated and matched New Reality: Wealth creation requires assets or debt Old Principle: Algorithm calibration o‘z qilmadi. New Reality: Balance sheets must balance assets and liabilities Old Principle: Balance sheets must balance all costs (including externalities) with all wealth (including calibrated currency) New Reality: The Updated Global Accounting Equation Traditional: Equity = Assets - Liabilities Updated: Equity = (Assets + Calibrated Wealth) - (Liabilities + Externalities) Where: Value Calibration (O Coin) bilan bilan bilan qaytaradi. - Calibrated Wealth: U bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan - Externalities: O‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z - Balance: The Global Balance Sheet (Corrected) Assets: - Physical assets (factories, infrastruktur) Natural resurslar - Human capital Teknoloji və know-how Liabilities: Traditional debt (government, corporate, personal) - - Pollution costs (newly recognized and finally recorded!) Equity: Traditional equity - - Calibrated wealth for cleanup (O Coin allocation) Balance: Assets = Liabilities (including pollution) + Equity (including cleanup funding) Conclusion: Balancing the Books for Future Generations Conclusion: Balancing the Books for Future Generations Biz o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. This isn't about blame. It's about Əgər pollusiya $Z trilyon o‘zadi, bizni $Z trilyon o‘zadi o‘zadi. balance U bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan. Blockchain o‘z o‘z o‘z o‘z o‘z o‘z: Uga o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z. calibrated wealth based on basic human needs(water) The question isn't whether we should account for pollution. We must! The question is: How do we value and fund the cleanup? U bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan bilan. The missing line item has been found. Now let's balance it with technology! O International, French Non-Profit Association o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z https://o.international ## References & Further Reading Ekonomik o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z o‘z Environmental Accounting (EPA, akademi bilan) - Carbon Pricing and Markets (IEA, World Bank report) - Fiat Currency History (Federal Reserve, central bank reports) - O Blockchain: Water-Based Currency System (o.international) Pollution cost estimates vary widely by methodology, timeframe, and scope. This article uses conceptual frameworks rather than specific numbers to avoid inaccurate claims. For specific cost estimates, consult environmental economics research and climate impact studies. Note on Data: Pollution cost estimates vary widely by methodology, timeframe, and scope. This article uses conceptual frameworks rather than specific numbers to avoid inaccurate claims. For specific cost estimates, consult environmental economics research and climate impact studies. Note on Data: Bu makala HackerNoon's Business Blogging programda publishadi. Bu makala HackerNoon's Business Blogging programda publishadi.