Towards an ecological market

Wesley C. Marshall

Chapter 7 in Central Banking, Monetary Policy and the Environment, 2022, pp 155-175 from Edward Elgar Publishing

Abstract: This chapter proposes the creation of a new currency, the green dollar, that would be designed to create financial incentives for environmentally helpful activities, and in the process attend to long standing problems of wealth inequality and poverty. This article goes to some lengths to explain the nature of money and how it is currently conceptualized and utilized in order to argue for the creation of a new financial system to support an ecological agenda. Such a proposal contrasts from others in that it will need very few resources, either financial or technological, to be implemented.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2022
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