Sustainable Value Money: Why It's Needed, How to Get It?
Boubaker, S. and Nguyen, D. (eds.), Ethics, ESG and Sustainable Prosperity, World Scientific Publishing: Singapore, 2017
19 Pages Posted: 22 Aug 2017 Last revised: 12 Oct 2017
Date Written: October 6, 2017
This chapter considers why Sustainable Value Money (SVM) is needed and how to get it. It is required because no existing official currency has its value defined by any one or more real goods or services. Official money has become a social construct with no direct feedback from nature if human existence and their natural environment are sustainable. Twenty-four other reasons are identified why official currencies are not fit for purpose. All 25 deficiencies are compared with SVM tethered to an index based on the efficiency and dependency of each region of the planet being serviced by Kilowatt-hours (Kwhrs) of electricity generated from benign source of renewable energy. Sustainable Energy Dollars (SEDs=$Z) would create a global unit of account, with its value determined in each currency region by the ability of the host environment to support humanity in perpetuity. Electricity is the most crucial resource for maintaining the necessities of life. The value of the index and so money would be highest in regions best capable of eternally servicing humanity. Market forces would arise to encourage humanity to become allocated sustainably while also reducing the incentive to burn carbon to reduce the need for carbon taxing or trading.
Keywords: Bioregional Currency, Decentralised Banking, De-Growth Prosperity, Indexed Money, Population Distribution
JEL Classification: A13, D02, D47, D63, E42, E50, G20, P18, Q31, Q42, Q54
Suggested Citation: Suggested Citation