Money becomes green when its value is defined by electricity generated by a cooperative from local benign renewable energy sources. In this way the local environment controls economic values, costs, prices and the manner in which markets allocate resources to sustain humanity of the planet. Green money allows the environment to protect itself by distributing humanity around the globe according to its sustainable carrying capacity. Green money is ethical as it has a carrying cost that: (1) Avoids interest and so the need for damaging economic growth to pay interest costs; (2) Eliminates the bias to own money instead of productive assets that can improve the quality of life; (3) Eliminates the ability of money to make the rich richer; (4) Reduces inequality (5) Eliminates asset bubbles and financial crises (6) Creates financial resiliency by introducing decentralized banking appropriate for each bio-region. Crucially, Green Money changes the relative prices of resources to make renewable energy more competitive than burning carbon. In this way, Green money can reduce or eliminate the need for carbon taxing or trading. Refer to the analysis at http://ssrn.com/abstract=1304083. Green money creates a global unit of account in kilo-Watt-hours (kWh) that has a local unit of value tied to Renewable Energy (RE) as determined by the local environment. As technology improves to convert RE to kWh the value of money increases to reverse inflation. Green money is crisis resistant by being decentralized and not subject to external shocks of bank and/or market failure. Green money can be distributed independently of the banking system through cell phones as described at: http://ssrn.com/abstract=1602323. The Green Money Working Group (GMWG) was established in London during October 2011 with sponsorship from the peak body of the cooperative movement in the UK, Coops UK Limited (www.uk.coop/) and The 40 Foundation (www.the40.org). Another UK peak body member is the British Chambers of Commerce (BCC) whose member firms employ five and half million citizens. Coops UK, has ten million members so the GMWG involves Small and Medium Enterprises (SME’s) that involve 25% of the UK population of 60 million. To gain acceptance of SMEs concerned with survival today rather than tomorrow, the GMWG also uses the name "Monetary Reform Working Group" (MRWG). Other members of the group listed at www.gmwg.org include the London based New Economics Foundation (nef), Prof. Dr Margrit Kennedy from Germany and Hazel Henderson from the US. The picture shows the formation meeting of the working group in London on October 17th, 2011. Left to right are: Maksym Putij, Economic Advisor, The 40 Foundation; Ed Mayo, Secretary-General, Coops UK; Pat Conaty, nef Fellow; Dr Shann Turnbull, Research Fellow, The 40 Foundation; Hares Yourssef, Founder of The 40 Foundation and Yurij Riphyak, Secretary, The 40 Foundation.