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Does Using Energy as a Currency Resolve the Economy-Ecology Conflict? - Evidence from Newly Electrified Communities in Cambodia

SSRN, ISSN: 1556-5068
2024
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Metric Options:   Counts1 Year3 Year

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  • Usage
    142
    • Abstract Views
      118
    • Downloads
      24

Article Description

Limited research has been done on the quantitative impact of energy-based community currencies in newly electrified communities. This paper proposes a quantitative framework and simulates the Energy Currency (EC) concept's effect based on data from three newly electrified villages in Cambodia when energy tokens are used as a community currency. The framework for evaluating the EC concept for newly electrified communities is proposed based on the literature review of energy-based currencies, community currencies, community electrification evaluative frameworks, and the quantity theory of money. The impact is measured along the economy, environment, and energy axes. The simulations confirm an increase in household income with EC concept implementation while reporting a decline in carbon footprint and reduced costs of reliable energy. A sensitivity analysis on how the impact of the EC concept changes with the food prices and the proportion of household expenses towards external dependency (non-food expenses) is carried out to understand the scenarios under which the EC concept works better. The impact of the EC concept on SDGs, industry, policies, and future research is outlined in this paper. Outcomes from the study are expected to abate the economy-ecology conflict and provide a viable climate financing instrument using the EC concept.

Bibliographic Details

Dominic Anto; Atul Mehta; Ashutosh Murti; Sgouris Sgouridis

Elsevier BV

Multidisciplinary; Energy currency; Community currency; SDGs; social innovation; Sustainable Transition; Climate finance

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