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Ideas develop over time, and I bore people on ET quite enough without airing every development.

It wasn't that long ago (a few months) that it occurred to me that there are two forms of "Equity" possible:

(a) Proportional shares, giving indefinite rights to streams of production; and

(b) "Redeemable" shares redeemable in units of production, but not conferring any "income".

One could do either, or both, technically, but that could get messy.

But it's the "units" that have the most potential I think.

Selling the actual energy production forward differs very little from selling a revenue amount forward.

True. Because "revenues" consists of the sale proceeds of energy expressed in conventional currency.

But denomination in MwH and Btu equivalent etc could allow us to integrate the energy content of carbon based fuels into a coherent "carbon dollar" market and an "energy clearing union" framework.

As opposed to the trading/clearing of units of carbon content of CO2 brought to us by intermediaries.

The creation of pools of energy units in this way gives us the basis of a globally fungible asset class.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sat Jan 19th, 2008 at 01:42:28 PM EST
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