IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789811206887_0014.html
   My bibliography  Save this book chapter

Sustainable Value Money: Why it is Needed, How to Get it?

In: Corporate Social Responsibility, Ethics and Sustainable Prosperity

Author

Listed:
  • Shann Turnbull

Abstract

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 (kWh) 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.

Suggested Citation

  • Shann Turnbull, 2019. "Sustainable Value Money: Why it is Needed, How to Get it?," World Scientific Book Chapters, in: Sabri Boubaker & Duc Khuong Nguyen (ed.), Corporate Social Responsibility, Ethics and Sustainable Prosperity, chapter 14, pages 387-416, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789811206887_0014
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789811206887_0014
    Download Restriction: Ebook Access is available upon purchase.

    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789811206887_0014
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Corporate Social Responsibility; Ethics; Sustainable Prosperity; Corporate Decision Making; Corporate Social Performance; Fraud; Microfinance Institutions; Financial Institutions; Environmental Performance; Corporate Governance; Value Creation; Circular Economy; Asian Infrastructure Investment Bank; Green Finance; Sustainable Value Money; Turkish Banking Sector; Lending Decisions;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789811206887_0014. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.