theme: energy currency energy as the fundamental measure of price, cost and value hazel henderson,...

Theme: Energy currencyEnergy as the fundamental Measure of Price, Cost and Value

HAZEL HENDERSON, D.Sc.Hon., FRSA

President, Ethical Markets Media (USA and Brazil)

Author, Ethical Markets: Growing the Green Economy

Ethicalmarkets.comEthicalmarkets.tvMercadoetico.com.brCalvert-Henderson.com

Redesigning Money for the Solar Age

First International Social Transformation Conference 10-12 July 2012, Split, Croatia

In memoriam Nikola Tesla (1856–1943)

Ethical Markets Media www.ethicalmarkets.com www.ethicalmarkets.tv

Solar irradiation versus established global energy resources "Solar Generation 6," EPIA 2011

EVOLUTION OF HUMAN UNDERSTANDING OF THE ROLE OF MONEY

AND OTHER MEDIUMS OF EXCHANGE

© Hazel Henderson 2008

Preindustrial societies (3000 BC – 1700s) clay tablets, shells, cattle,

metal tokens

Early Industrial Period (1700s-1900s)silver and gold (transactions mostly nation-state based)

Late-Industrial Period (1900s-1973)Gold standard-based money for international transactions

Crisis of fossil-fueled Industrialism (1973-2008)floating fiat currencies - money as paper banknotes and electronic blips

Money-systems augmented by pure information-based trading systems transition from Industrial Era to "green" info-rich economies of the Solar Age.

(2000 and beyond)

Money Based

Information-Based

Money Economy

Love Economy

TWO MAIN WAYS OF TRANSACTING

•Cooperation

•Barter-Mutual Aid

Copyright © Hazel Henderson 2000

A Planetary Whole-System Shift

• Is underway and accelerating• Due to increasing interconnection• Crises of global financialization• Social and environmental impacts of

global industrial model• Resource depletion• Expansion of scientific knowledge• Rise of human awareness• Information-sharing by citizens across

boundaries


Collapse of the Global Casino

• Manipulating LIBOR!

• Financialization -- the biggest bubble

• Un-repayable debt levels

• Zero interest rates

• Money-printing

• Currency trading -- $4 trillion per DAY

• High-frequency trading

• Derivatives ($700 trillion) VS

• Global GDP ($65 trillion in 2011)


$3.3 trillion in private sector investments in growing the green economy worldwide Renewable Energy Green Building and Efficiency Smart Grid Clean Tech Corporate R&D

February 2012 findings at www.ethicalmarkets.com

excludes: nuclear, coal, CCS, ag-biofuels


Independent, multi-media company (USA and Brazil) -- reforming markets, metrics and growing the green economy globally

SHIFT MAL-INVESTMENTS TO THE GREEN ECONOMY

http://www.ethicalmarkets.com/

The Transforming Finance Initiative

• statement by Ethical Markets, the Capital Institute, University of Notre Dame and Networking Action

• As market participants and beneficiaries, the group took responsibility to promote fundamental restructuring and reform.

• Finance is part of the Global Commons as recognized since Bretton Woods in 1945.


Join over 80 world-class expert signers!

www.transformingfinance.net

Transforming Finance TV Series available for colleges and libraries at www.films.com

Transition Safety Nets• swaps, barter

• LETS, complementary currencies

• Time Banking

• localized "homegrown" economies

• credit-systems

• cooperatives

• community credit unions

• micro-loans -- crowdfunding


Explosion of Indicators!• 1975 Canada's Conserver Society

• 1985 Jacksonville Quality of Life Indicators, USA

• 1989 Index of Sustainable Economic Welfare

• 1990 UN Human Development Index

• 1990s Community Indicators Network

• 1990s Genuine Progress Indicators

• 1995 EU Parliament - Taking Nature into Account

• 2000 Calvert-Henderson Quality of Life Indicators

• 2003 ICONS – Brasil-Watch

• 2006 Canadian Index of Wellbeing

• 2007 EU Parliament Beyond GDP Conference

• 2008 Sustainability Compendium, Sao Paulo, SP

• 2009 Global Peace Index

• 2012 Inclusive Wealth Index


© Hazel Henderson 2010, 2012

Re-Designing Money

• Acknowledge money is not wealth

• Money = Information

• End fractional-reserve banking

• National governments issue money and spend into their economies

• Public banks – 100% capital reserves

• Separate retail banks


4 Levels of Moneyall backed by goods, services and renewably

generated electricity

• Global trade: SDRs

• National Currencies

• Regional and city currencies (e.g., Brazil)

• Community currencies, credit systems

• PLUS: crowdfunding, p2p lending, investing, donating – all online


The Re-Design Revolutionfrom scarcity to abundance

• Everyone can contribute• New governance – participatory democracies• New currencies, time banking• Crowdfunding• Transition towns• Sharing peer2peer "wikinomics"• Eco-agriculture, farmers markets• Eco-designed products and processes• Biomimicry based on Nature• Leapfrog!


Now the win-win approach for:

* the economy * jobs

* the environment * society

* climate prosperity

Other Henderson books available in:

Chinese * French * German * Italian * Japanese * Korean *

Portuguese * SpanishChelsea Green 2006


Thank you!

theme: energy currency energy as the fundamental measure of price, cost and value hazel henderson,...

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global commons

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role of money

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