Does Using Energy as a Currency Resolve the Economy-Ecology Conflict? - Evidence from Newly Electrified Communities in Cambodia
SSRN, ISSN: 1556-5068
2024
- 142Usage
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
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.
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