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More on the Southern Island economy

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  • jobriath2
    The Southern Islands are in the fortunate position of producing 93% of it s energy needs from Hydroelectric and geo-thermal sources, the rest is made up from
    Message 1 of 1 , Oct 1, 2002
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      The Southern Islands are in the fortunate position of producing 93%
      of it's energy needs from Hydroelectric and geo-thermal sources, the
      rest is made up from imported oil, although efforts are being made to
      replace this with wind power(abundant on the west coast), biomass and
      some solar.
      This supply of home produced energy is the basis for the currency of
      the CSI, the Sudjoule. Currency issue has to be backed by joules of
      home produced energy, the number of Joules to Sudjoules has varied
      over time, but the standard is fixed by the confederal bank in
      Dauphinville. The 'Confed', as it is known, fixes the rate, but does
      not issue money, energy production does. Energy is
      considered 'commons' in the CSI, so producers earn a return on their
      investment, but above this the production of energy and therefore
      Sudjoules, is taxed at the cantonal level and distributed to every
      citizen as a social credit. Thus currency enters the CSI economy.
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