Transition Derry

Tackling Peak Oil, Climate Change and Economic Breakdown

Quick Follow up on Transition Economic Forum, Magee 1st May

Hello there,
plenty was discussed during our two hours session ... just a quick note

The idea, for me, is to progress with taking practical actions as well as not to loose the sight on the big picture.

The big picture: I like to explore further the 'links' between what I see 'nested systems' at local scale and their 'networks' with neighbouring, national and international systems : people skills, renewable energy, food and water, dwellings, transport and economy.

The ground approch: I am gonna to do a bit more research on how to we could combine LETS with a 'backed' Local Currency, if at all possible.

In particular I'd like to focus on the viability of an energy-backed local currency system (e.g. where locally produced 'watts' are used to back pounds) with an eye also onto green bonds and saving schemes...

First steps: on this account Richard suggested to start having a look at the publication "The Ecology of Money" , downloadable for free from www.feasta.ie website.

so if anyone is interested in the same, please give me a shout and see what we can learn and do

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Replies to This Discussion

Hi Maria

I like the sound of the energy-backed local currency system; is this basically like Richard described, where a community buys a wind turbine - financed by issuing energy bonds - and sells any excess energy back to the grid for cash to back the currency system? Or the cash can be invested in the community/school/org (like Paul's school, Oak Grove is doing)? Hey - if Oak Grove's doing it, why couldn't Magee? Magee could provide a really good model for Derry?!

Lissy

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