Formula One supremo Bernie Ecclestone remains committed to awarding medals rather than points in Grands Prix.
His proposal would see gold, silver and bronze medals awarded to the top three finishers, rather than the current system of points for the top eight.
The drivers' championship would go to the driver with the most gold medals.
"It will make Formula One a much more exciting spectacle because it will incentivise drivers to race to win," Ecclestone told formula1.com.
"We should see much more overtaking, drivers will take more chances and they will race each other all the way to the chequered flag.
"At the moment, quite often we see drivers settling for second, third or fourth position, and the race can be dull in the final stint after the last round of pit stops.
"The drivers aren't to blame, they're racers, but the scoring system forces them to be too conservative.
"As things are, if they want to take the title, it is better to settle for a few, safe points rather than chase down the guy in front and risk going home with no points.
"But this is Formula One, the pinnacle of world motorsport, and only the best driver should win the title.
"Being a Formula One world champion is not about being a consistent and reliable runner-up. It's about racing hard, taking chances and not settling for second best."
Under Ecclestone's plan, the constructors' championship would continue to be decided by points awarded for places one to eight.
The ideas were discussed at last week's meeting of the FIA World Motor Sport Council, where it was decided that further research was required.
Asked if he had been unhappy that Lewis Hamilton won the 2008 world title, Ecclestone replied: "Rubbish! Lewis is a worthy world champion and nobody was more delighted than I was that he won.
"He was destined to be a champion and it was just a question of when, not if, he would win.
"The only thing I was uncomfortable about was that under the current system Lewis needed to finish only fifth in the last race to win the title and I don't think the fans go to races or switch on their TV to watch a great driver aim for fifth place.
"They want to see the best drivers in the world battling hard for a race win."
The Formula One teams agreed a raft of measures to cut costs at a the FIA meeting in Monaco last week.
"I am very pleased that the teams have now seen sense on this issue and agreed meaningful proposals to cut their expenditure, as Max (Mosley, FIA president) and I have been urging for some time now," Ecclestone added.
"I think they've all had a wake up call and have realised that their present levels of expenditure are simply not sustainable.
"What is more, the racing should get much closer too."