A proposal for an environmental currency: Integrating natural wealth into monetary policy

IF 5.3 2区环境科学与生态学 Q2 ENVIRONMENTAL SCIENCES

Environmental Development Pub Date : 2025-09-23 DOI:10.1016/j.envdev.2025.101322

A.S. Amaral , S.P. Milián , F.F. Ferreira , G.E. Silva Jr. , P.F. Amaral

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引用次数: 0

Abstract

The paper proposes a framework for integrating natural capital into the accounting structures of monetary authorities to formulate exchange, fiscal, monetary, and social policies. It starts by highlighting the importance of currency from an economic perspective and introduces a methodology for calculating natural capital. This model aims to influence the consolidated balance sheet of monetary authorities, offering new insights different from traditional annuity-based accounting prices. By quantifying environmental wealth similarly to financial assets on central bank balance sheets, the framework intends to reflect real economic values and guide macroeconomic policy. The study suggests that an increase in environmental wealth could enhance the real value of a environmental currency, contrary to inflationary pressures. The paper also proposes future research directions, including the potential for an environmental cryptocurrency. Ultimately, this approach seeks to support sustainable development and improve societal well-being by aligning economic activities with environmental preservation.

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环保货币的建议：将自然财富纳入货币政策

本文提出了一个框架，将自然资本纳入货币当局的会计结构，以制定外汇、财政、货币和社会政策。文章首先从经济角度强调了货币的重要性，并介绍了一种计算自然资本的方法。该模型旨在影响货币当局的合并资产负债表，提供不同于传统的基于年金的会计价格的新见解。通过量化环境财富，类似于央行资产负债表上的金融资产，该框架旨在反映实际经济价值并指导宏观经济政策。研究表明，与通胀压力相反，环境财富的增加可以提高环境货币的实际价值。该论文还提出了未来的研究方向，包括环境加密货币的潜力。最终，这种方法旨在通过将经济活动与环境保护结合起来，支持可持续发展和改善社会福祉。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Environmental Development Social Sciences-Geography, Planning and Development

CiteScore

8.40

自引率

1.90%

发文量

审稿时长

74 days

期刊介绍： Environmental Development provides a future oriented, pro-active, authoritative source of information and learning for researchers, postgraduate students, policymakers, and managers, and bridges the gap between fundamental research and the application in management and policy practices. It stimulates the exchange and coupling of traditional scientific knowledge on the environment, with the experiential knowledge among decision makers and other stakeholders and also connects natural sciences and social and behavioral sciences. Environmental Development includes and promotes scientific work from the non-western world, and also strengthens the collaboration between the developed and developing world. Further it links environmental research to broader issues of economic and social-cultural developments, and is intended to shorten the delays between research and publication, while ensuring thorough peer review. Environmental Development also creates a forum for transnational communication, discussion and global action. Environmental Development is open to a broad range of disciplines and authors. The journal welcomes, in particular, contributions from a younger generation of researchers, and papers expanding the frontiers of environmental sciences, pointing at new directions and innovative answers. All submissions to Environmental Development are reviewed using the general criteria of quality, originality, precision, importance of topic and insights, clarity of exposition, which are in keeping with the journal''s aims and scope.