New concepts of economy and currency become possible when peer-to-peer technologies are invented such as Napster in 1999. When this system of p2p information exchange are integrated onto an existing energy network, a real distribution and exchange of energy becomes possible, superseding the feed-in tariff system being developed in Europe at the time. Alternative energy alliances similar to OPEC develop and strengthen over time and engineering mega-projects reflect the importance the new alternative energy economy has within these alliances.
Glossary of Events
Scotland goes down the road to becoming a sovereign nation, following a Yes result in the Scottish referendum on March 1st.
Sovereign Wealth Act 1980
The New Scottish Government’s first act is to create a sovereign wealth fund with the proceeds of North Sea Oil.
Energy Infrastructure Act 1981
All parts of the country to be connected to the Scottish National Grid within 20 years.
Scotland joins the Nordic Council.
The National Bank of Scotland is created to ensure the fair distribution of the sovereign wealth fund, for the long-term benefit of Scotland and its people.
Energy Intellectual Property Rights Act 1984
Intellectual property rights for energy technologies are removed. They are perceived as a barrier to the development of energy technology research. The act encourages sharing of information to push human knowledge further.
Public Research Act 1985
This is enacted to encourage participation in the creation of new, alternative energy sources. Individuals and small local groups can apply to Central government for grants and assistance. This is funded by the Sovereign Wealth Fund and administered by the National Bank of Scotland.
Independent Energy Act 1986
The New Scottish Government sets its Millennium goal to be the personal independence of its population from corporate and centrally controlled energy sources.
The Northern Hydro Alliance is founded by Scotland, Canada, Iceland, Norway and Sweden. These are all countries which have a shared primary energy source - Hydroelectric Power. Sharing similar values the alliance seek to support one another in transferring electricity generation to entirely renewable sources.
Community Energy Act 1992
Applications for funding and assistance enable the establishment of local energy infrastructures and facilities. Help is also given to those choosing to settle in new locations where they can benefit from natural renewable energy sources or where they can participate in the new local energy schemes.
An electrical cable to Norway is completed allowing the transfer of energy between the two countries.
All of Scotland is now connected to the national grid.
Sweden joins Norway in connecting to Scotland’s grid, forming the Northern Power Grid.
A key technology appears in the form of Napster. Peer-to-peer filesharing enables the development of peer-to-peer energy sharing. New networks become established, enabling a true sharing of energy when the information and electrical infrastructures combine.
The New Scottish Government chooses to halt the use of conventional nuclear fission energy. It's continued use is seen as an encouragement to the proliferation of nuclear weapons.
Also in this year, Scotland launches the Third Millennium Competition to enable the development of nuclear fusion technologies. Funded by the Sovereign Wealth Fund, Scotland becomes the heart of a global energy research hub, attracting the best minds from around the world.
Iceland connects to the Northern Power Grid.
Surplus energy starts to be traded as currency. The Watt becomes the primary form of local exchange.
Canada connects to the Northern Power Grid.
Self-sustaining nuclear fusion is finally achieved. Scotland, true to it's previous convictions on Intellectual Property makes available the technology to all countries and all people.
The Pound is abandoned in favour of the Watt as the Scottish national currency. This new unit of currency develops as a means of exchange which is considered to be a more accurate reflection of the value of goods and services.
With a widespread renewable energy infrastructure and a growing awareness of the damage fossil fuels cause, the New Scottish Government legislates for their use to cease.
Having halted the use of fossil fuels in the previous year, the New Scottish Government realises it would be hypocritical to continue oil production. Nuclear fusion is now on a trajectory where it can completely replace oil as the energy source of choice within a few years.
The Nordic Council adopts the Watt.
The Northern Hydro Alliance adopts the Watt.