Renewable Energy: Stabilising Money and Society

In: Droege, P. (ed.), Urban Energy Transition 2nd Edition – Handbook for cities and regions, Section 5. Governance, Community and Planning City-to-City Cooperation, Elsevier Science Publishers: Oxford.

21 Pages Posted: 13 Dec 2017

See all articles by Shann Turnbull

Shann Turnbull

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

Date Written: October 16, 2017

Abstract

This chapter explains how the generation of renewable energy and the creation of sustainable communities can guide capitalism to survive climate change on a self-reinforcing basis. The process depends upon introducing an ecological “use it or lose it” rule for owning money, land, buildings and enterprises. Ecological money has a negative interest rate with its value tethered to an index automatically established by the Internet of Things in each bioregion of the globe. The index increases the purchasing power of money according to how efficiently Kilowatt-hours of electricity can be generated from benign renewable resources and the extent that the region is reliant on such sources. The index determines the relative value of Sustainable Energy Dollars (SEDs=$Z) in each bioregion to creates market forces to distribute resources, including humans, to where they may best be sustained in perpetuity. Ways of extending ecological ownership to land, buildings and corporations are described to create a more efficient and equitable form of capitalism. Ecological capitalism facilitates either a de-growth economy as may be needed or a steady state economy. $Z facilitates individual wellbeing to increase even if consumption of non-renewable resources is reduced or eliminated.

Keywords: De-growth, Renewable energy, Population distribution, Negative interest, Tethered currencies

JEL Classification: A13, B41, C43, D31, D63, D85, E31, E42, E52, F55, F64, G28, G38, H11, H24, I31, J11, J61, K34, L16

Suggested Citation

Turnbull, Shann, Renewable Energy: Stabilising Money and Society (October 16, 2017). In: Droege, P. (ed.), Urban Energy Transition 2nd Edition – Handbook for cities and regions, Section 5. Governance, Community and Planning City-to-City Cooperation, Elsevier Science Publishers: Oxford.. Available at SSRN: https://ssrn.com/abstract=3051587

Shann Turnbull (Contact Author)

International Institute for Self-Governance ( email )

PO Box 266 Woollahra
Cell: +61418222378
Sydney, New South Wales 1350
Australia
+61293278487 (Phone)
+61280655905 (Fax)

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

Sustainable Money Working Group ( email )

Holyoake House
Hanover Street
Manchester, M60 0AS
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

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
20
Abstract Views
387
PlumX Metrics