The Perfect Control Variable
Part of The Long Convergence Series
The environmental agenda could have been built around any number of ecological crises, each one worthy of global attention. The evidence is overwhelming that we are degrading the very systems that make human life possible.
There are many causes that should foster outrage in the hearts of humankind. Among these are: Deforestation, species extinction, soil degradation, river pollution, collapsing fisheries, ocean plastics, micro plastics, air pollution, insect loss, loss of bio diversity.
Each of these deserve their own article rather than a passing mention and many are urgent in ways that will directly impact food, water, and health long before atmospheric CO₂ reaches any specific target. They are issues of man made ecological damage which are as morally indefensible, if not more so, than climate change.
Yet none of these became the overwhelming focus of global policy. Carbon did.
The physics of greenhouse gases is well established: CO₂ traps heat, and rising concentrations contribute to a warming planet. But the way climate science operates inside political, funding, and media systems shapes which findings are amplified and which are sidelined. It is the politicisation of science that concerns me the most.
I do not wish to imply that that climate change is either unreal or unimportant. The physics of warming is well-established, and its consequences are serious but scientific truth does not prevent political utility. Climate policy has become the primary framework through which governments interpret energy scarcity and legitimise long-term policies.
Carbon dioxide (‘carbon’) is not merely a (legally defined) pollutant, it is the only variable that maps cleanly onto every act of energy use and therefore every act of modern life. Its narrative power lies in this dual role being both scientifically valid, and politically charged. The moral framing of an invisible yet existential threat also lends itself naturally to systems of policy coordination and behavioural guidance.
In this manner, the political centrality of carbon may stem from two overlapping realities: climate risk itself, and the extraordinary administrative usefulness of carbon as a universal metric.
If one were seeking to design a single environmental variable to serve as the linchpin for a global system of monitoring and managing consumption, you could hardly do better than carbon dioxide. CO₂ is uniquely suited to the role it now plays, not solely because of its climatic impact, but because it is the perfect metric for a system seeking to monitor and manage consumption.
Carbon can be counted for almost everything humans do whether it is the fuel you burn in your car, the electricity that lights your home, the fertiliser that grows your food or the steel, concrete, plastics, and glass in the buildings you live and work in. Each of these activities has an associated carbon value that can be calculated, recorded, and assigned to a ledger.
In a world increasingly forced toward lower energy consumption by geological constraint, there is no more effective metric for governing economic life than carbon itself, the very byproduct of the energy system now reaching the limits of its abundance.
The themes explored throughout this series are not isolated observations, but different expressions of the same underlying reality. In the recent article The Thermodynamic Trap, I examined how civilisation is ultimately constrained not by ideology or economics, but by the physical limits of energy itself. In The Permian Paradox, I explored how declining energetic returns force modern economies to rely on rising debt and complexity merely to sustain output. In The Death of the Supergiants, I examined the exhaustion of the giant high EROEI oil fields that powered the age of abundance, and the inability of newer resources to replicate their extraordinary surplus. In An Idea Once Ahead of Its Time, I explored how systems often begin constructing the architecture of adaptation long before the public fully understands the pressures making that adaptation necessary. And in Money Was Never Backed By Nothing, I argued that money and debt are ultimately claims on energetic surplus, and that financial instability emerges when those surplus foundations begin to erode.
Viewed together, these pressures begin to converge. The world is not simply looking to decarbonise because of climate policy alone, nor purely because of market preference or technological progress. It is entering a period in which energy abundance itself is becoming harder to sustain, while the systems built upon that abundance increasingly require measurement, coordination, and management in order to remain stable.
Carbon sits precisely at the intersection of these realities. It links energy, consumption, industry, finance, and individual behaviour through a single measurable variable. That is what makes it not merely environmentally significant, but systemically important.
In terms of use as a metric, carbon can be standardised, a tonne of CO₂ in Australia is the same as a tonne of CO₂ in Argentina. This gives policymakers and economists a standardised unit to measure, tax, or limit. This universality makes it the perfect foundation for global treaties, carbon markets, and perhaps more importantly, integrated data systems.
Unlike deforestation or microplastics, CO₂ emissions can be estimated on a personal level down to that of an individual citizen. Your “carbon footprint” is a concept tailor-made for the age of personal data tracking. It translates an abstract global phenomenon into a moral and measurable scorecard for your lifestyle. Our very act of breathing creates carbon dioxide (biogenic and therefore carbon neutral it should be noted), making it a very personal, if invisible, part of our existence.
Other environmental crises resist this kind of neat accounting. Soil degradation depends on local conditions and decades of land use. Species extinction is a web of causes that can’t be converted into a single, universal unit. Plastic waste varies by type, toxicity, and ecosystem impact. These problems are serious and sometimes existential, but they are fragmented, location-specific, and resistant to real-time individual monitoring.
Carbon is very different in that respect. Its measurement can be automated. Its values can be embedded in prices. It can be integrated into every purchase, every supply chain, and every financial transaction. And because it applies everywhere, it can unite the actions of billions of people under a single, simplified framework.
From a systemic control perspective, this is an extraordinary feature. In the same way GDP became the singular measure of economic performance, crowding out more nuanced indicators, carbon has become the singular measure of environmental performance. What GDP did for economic centralisation, CO₂ is now doing for environmental centralisation.
Seen in this light, the elevation of CO₂ from one environmental problem among many to a central organising principle of global policy is not a scientific development. It is a structural one. Positioning of climate policy gives the moral mandate while carbon provides the universal metric.
Elevating carbon as the primary measure of environmental success or failure has primed billions of people to accept measurement of their behaviour for a moral cause. The perfect control variable and the tools to make it binding are converging.
The emphasis on individual carbon accountability also subtly shifts focus away from structural dependency. Systemic limits become framed increasingly through the language of personal behaviour and consumption. It shifts responsibility downward. Systemic limits are able to be reframed as individual excess. Failure can no longer be seen as structural, but behavioural. In this way, carbon has the ability to function as both scapegoat and scorecard, a soft weapon for hard limits.
And I fear the models will harden into mandates over time, the next question quietly emerges and it is a fascinating one. How might compliance be ensured?
In the background, new forms of digital accounting are already being conceived: financial systems that can measure, verify, and potentially limit consumption in real time. What began as climate modelling has been evolving toward behavioural modelling. The infrastructure capable of translating moral obligation into measurable behavioural signals is already quietly emerging.
Once the thermodynamic and geological realities take hold, regardless of climate change, we will inevitably enter an age of relative scarcity. A moralised control variable linked directly to the limitations of the oil age becomes a compelling tool for policy makers.
It is hard to envisage while the cracks in the financial and social system are not yet large enough to expose these age-defining pressures, however, they are likely coming. When they do, the age of persuasion could easily tip towards enforcement. To turn moral restraint into enforceable policy, the system will need a new kind of financial system, one that can count, one that can remember.
The infrastructure for such systems is already developing quietly within finance, payments, and digital governance. Whether these capabilities remain optional tools or evolve into more formal mechanisms of coordination may become one of the defining political questions of the coming decades.
This post is part of a series of essays linked to a wider macro thesis: The Long Convergence.


And yet, the man most responsible for the financialisation of CO2 at his time at the BoE and BIS, Carney, has just taken Canada from the grip of environmentalists to develop new pipelines from Alberta to both oceans, east and west. Thus using the Trump ‘ogre’ to create new markets for Alberta’s fossil fuels.
Strange how economic and political expediency overcomes even the best laid plans when push comes to shove.
Odd how that a year ago, ‘CO2’ was demonized. And the push for CO2-footprint required reduction.
Now that the world’s oil supply has been reduced by ~20% and by extension CO2 release, where the fudge is the celebration?
It’s all a stage and we are merely players.