4 ms·

I've wondering about this very thing. Asked another way: What's the renewable energy replacement for petrodollars?

• imtringued 5y ago
  Probably some sort of Chinese style loan program. You better build those solar and wind farms on loan in yuan or USD (supplied by the Chinese) or we are going to sanction your ass. Honestly for me the idea of adopting a single countries' currency as the currency used for world trade doesn't make any sense. At some point your country won't have a significant share of world GDP to have influence over the rest of the world economy. If you are going to adopt a global "currency" you would go for the bancor but I personally don't think there is going to be one global currency. There'll be one for each continent and it's the EU that is going to adopt an EU bancor as the first economic block because the euro is dysfunctional and cannot be maintained as it is.