Imaginative Approaches to Combating Climate Change Locally
Edited by Michael Peters, Shane Fudge and Tim Jackson
Chapter 7: Low Carbon Communities and the Currencies of Change
Gill Seyfang INTRODUCTION The challenge of achieving low carbon communities cannot be underestimated. While government policies set ambitious targets for carbon reduction over the next 40 years, there remains an urgent need for tools and initiatives to deliver these reductions through behaviour change among individuals, households and communities. This chapter sets out a ‘New Economics’ agenda for sustainable consumption which addresses the need for low carbon communities. It then applies these criteria in a critical examination of complementary currencies in the UK. These are alternative mechanisms for exchanging goods and services within a community which do not use money, and which aim instead to build local economic resilience and social capital. There have been three ‘waves’ of such currencies in recent years in the UK, and the chapter examines the two most recent of these, namely time banks and local money systems. The potential of these initiatives as carbon reduction tools has not previously been considered, and so this chapter offers a fresh perspective on carbon reduction, consumption and complementary currencies. THE NEW ECONOMICS OF SUSTAINABLE CONSUMPTION As climate change has become the most pressing environmental issue facing humanity (IPCC, 2007), the inequity of the consumption patterns which contribute to it have been thrown into relief. The risks and benefits of emitting carbon dioxide into the atmosphere are sharply divided among the world’s economies, with the developed world contributing the lion’s share of emissions while developing countries face the most dangerous impacts. Carbon dioxide emissions, a by-product from burning fossil...
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