Might Sustainable Energy Cost Carrying Money Have a Future?

13 Pages Posted: 23 Nov 2012 Last revised: 5 Mar 2013

See all articles by Shann Turnbull

Shann Turnbull

International Institute for Self-Governance; Sustainable Money Working Group; New Garden City Alliance

Date Written: November 20, 2012

Abstract

Money becomes sustainable when its value is defined by electricity produced from local benign renewable energy sources. As energy consumption is related to living standards, Sustainable Money introduces a global unit of account with its value determined by the capacity of each bioregion to sustain humanity on the planet. Sustainable Money is created locally by mutually owned credit insurance agency that guarantees purchase contracts entered into by those who produce wealth by producing, trading, investing and/or consuming. The cost of the credit insurance is attached to the contracts to create a cost carrying form of money that denies money being a store of value or source of wealth inequality. Sustainable Money: (a) reduces the cost of the financial system; (b) facilitates prosperity without growth; (c) insulates communities from external financial turmoil; and (d) changes the relative prices of local resources to reduce the need for carbon taxing and/or trading.

Keywords: Cost carrying money, Financial-system, Local currency, Resource-allocation, Sustainable Money

JEL Classification: E42, E50, G20

Suggested Citation

Turnbull, Shann, Might Sustainable Energy Cost Carrying Money Have a Future? (November 20, 2012). Available at SSRN: https://ssrn.com/abstract=2178533 or http://dx.doi.org/10.2139/ssrn.2178533

Shann Turnbull (Contact Author)

International Institute for Self-Governance ( email )

PO Box 266 Woollahra
Cell: +61418222378
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Australia
+61293278487 (Phone)
+61280655905 (Fax)

HOME PAGE: http://independent.academia.edu/ShannTurnbull/CurriculumVitae
SKYPE: shann.turnbull

Sustainable Money Working Group ( email )

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Hanover Street
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United Kingdom

New Garden City Alliance ( email )

113 Guinness Court
Snowsfields
London, UK, hello@gardencities.org.uk SE1 3TA
United Kingdom
+44 207 378 1902 (Phone)

HOME PAGE: http://www.gardencities.org.uk

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