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A currency backed by energy. This type of currency could be used to create an energy economy - a method for a local currency to be implemented in any community. The problem with many local currencies such as LETS [1] or Ithaca hours is that in businesses that are not a part of the program the currency is useless. However, if the currency can be used by ANY business or community member it can scale. A currency backed by renewable energy achieves this goal. The technology is finally available to make this happen.
Of the many advantages to such a system - adoption of a energy currency could correct the current market failure to address climate change by realigning economics with the reality of net energy.
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