Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON,...
-
Upload
lynette-cannon -
Category
Documents
-
view
213 -
download
0
Transcript of Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON,...
![Page 1: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/1.jpg)
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)
![Page 2: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/2.jpg)
Ethical Markets Media www.ethicalmarkets.com www.ethicalmarkets.tv
Solar irradiation versus established global energy resources "Solar Generation 6," EPIA 2011
![Page 3: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/3.jpg)
![Page 4: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/4.jpg)
![Page 5: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/5.jpg)
![Page 6: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/6.jpg)
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)
![Page 7: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/7.jpg)
Money Based
Information-Based
Money Economy
Love Economy
TWO MAIN WAYS OF TRANSACTING
•Cooperation
•Barter-Mutual Aid
Copyright © Hazel Henderson 2000
![Page 8: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/8.jpg)
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
Ethical Markets Media www.ethicalmarkets.com www.ethicalmarkets.tv
![Page 9: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/9.jpg)
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)
Ethical Markets Media www.ethicalmarkets.com www.ethicalmarkets.tv
![Page 10: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/10.jpg)
$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
Ethical Markets Media www.ethicalmarkets.com www.ethicalmarkets.tv
Independent, multi-media company (USA and Brazil) -- reforming markets, metrics and growing the green economy globally
SHIFT MAL-INVESTMENTS TO THE GREEN ECONOMY
![Page 11: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/11.jpg)
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.
Ethical Markets Media www.ethicalmarkets.com www.ethicalmarkets.tv
Join over 80 world-class expert signers!
www.transformingfinance.net
Transforming Finance TV Series available for colleges and libraries at www.films.com
![Page 12: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/12.jpg)
Transition Safety Nets• swaps, barter
• LETS, complementary currencies
• Time Banking
• localized "homegrown" economies
• credit-systems
• cooperatives
• community credit unions
• micro-loans -- crowdfunding
Ethical Markets Media www.ethicalmarkets.com www.ethicalmarkets.tv
![Page 13: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/13.jpg)
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
Ethical Markets Media www.ethicalmarkets.com www.ethicalmarkets.tv
© Hazel Henderson 2010, 2012
![Page 14: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/14.jpg)
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
Ethical Markets Media www.ethicalmarkets.com www.ethicalmarkets.tv
![Page 15: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/15.jpg)
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
Ethical Markets Media www.ethicalmarkets.com www.ethicalmarkets.tv
![Page 16: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/16.jpg)
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!
Ethical Markets Media www.ethicalmarkets.com www.ethicalmarkets.tv
![Page 17: Theme: Energy currency Energy as the fundamental Measure of Price, Cost and Value HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA.](https://reader033.fdocuments.in/reader033/viewer/2022051619/56649e5f5503460f94b592c3/html5/thumbnails/17.jpg)
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
Ethical Markets Media www.ethicalmarkets.com www.ethicalmarkets.tv
Thank you!