Solar Dollars: A Complementary Currency that Incentivizes Renewable Energy

Solar Dollars: A Complementary Currency that Incentivizes Renewable Energy

Incentives are the key to addressing climate change and the various other aspects of the current multi-dimensional mega-crisis. This paper proposes the issuance of private community currency vouchers by electric utility companies based on their willingness and ability to provide their customers with...

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Bibliographic Details
Published in:Frontiers in built environment Vol. 7
Main Author: Greco, Thomas H.
Format: Journal Article
Language:English
Published: Frontiers Media S.A 13-12-2021
Subjects:
community self-reliance
complementary currency
exchange
interest-free credit
renewable energy
vouchers
Online Access:Get full text
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Summary:Incentives are the key to addressing climate change and the various other aspects of the current multi-dimensional mega-crisis. This paper proposes the issuance of private community currency vouchers by electric utility companies based on their willingness and ability to provide their customers with energy derived from renewable sources. By monetizing the value of renewable energy in the form of a community currency Solar Dollars help to solve several critical problems at once: They incentivize a more rapid shift to renewable energy, help communities to become more resilient and self-determined, and enable the decentralization of economic and political power.
ISSN:2297-3362
2297-3362
DOI:10.3389/fbuil.2021.785145