How would the People’s Nobel Prize for the Fight Against Climate Change be funded, administered and awarded?
The Prize amount would be the same the other Nobel Prizes (9 Million SEK, $1.11 Million). The money would be paid by a fund open to donations (including individual micro-contributions).
2. Administration and Award
The Board of the Nobel Foundation would create a new Prize. The Nobel Foundation would decide which entity should nominate the Nobel Climate Change Prize Committee (for instance, for the Nobel Peace Prize, the Norwegian parliament appoints the 5 members of the Norwegian Nobel Committee).
The Committee would work as any other Nobel Prize Committee.
The Prize’s focus would alternate between Mitigation/Restoration and Adaptation every other year.
This is a possible implementation we foresee for the Prize. However this may not be the final arrangement.
The main goal is for the Prize to be administered by the Nobel Foundation with a dedicated Committee along with the other Nobel Prizes.