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A European Energy Clearing Union.

Common currencies of Units issued by producers and redeemable in electricity and/or carbon-based fuels.

No central issuer, but an accountable Monetary Authority.

A € value standard consisting of an absolute amount of energy.

A framework of trust consisting of a mutual guarantee by EU members.

Payments made by € users for service provision and for the use of the guarantee.

An 'Energy Pool' investment/default fund to finance (through interest-free loans denominated in energy) the transition to renewables - funded by a levy on carbon Unit transactions.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Thu May 6th, 2010 at 10:43:43 AM EST
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