Air as a Common AssetPowerPoint PresentationSlide 3Slide 4Slide 5Air as a Common Asset•What are the precedents that define air as a common asset?•How do we currently manage our air?•Do we currently derive revenue from air? Thank God men cannot as yet fly and lay waste the sky as well as the earth! --Henry David ThoreauVT Energy Consumption by Sector33%30%18%19%CommercialIndustrialResidentialTransportationEnergy Revenue ($ in Millions) Revenue Source FY 2004 (Actual) FY 2005 (Actual) FY 2006 (Actual) FY 2007 (Actual) FY 2008 (Forecast) Sector Diesel Fuel Tax $18.0 $15.5 $17.7 $18.5 $19.0 Transportation Other Revenues $15.2 $15.9 $17.1 $19.1 $19.8 Transportation Motor Vehicle Fees $55.2 $56.1 $57.4 $66.7 $71.9 Transportation Gasoline Tax $54.3 $65.5 $63.8 $64.4 $65.5 Transportation Purchase & Use Tax $71.9 $56.0 $53.9 $54.3 $56.1 Transportation Fuel Gross Receipt and Petroleum Distributor License Fee $5.53 $6.64 $6.93 $7.64 $7.86 Residential, Commercial Electric Energy Tax $2.77 $2.6 $2.6 $2.7 $2.8 Industrial Utilities Gross Receipts Tax $5.67 $5.85 $6.20 $6.31 $6.57 Residential, Commercial Total $228.57 $224.09 $225.63 $239.65 $249.53Future Management and Rent • Regional Greenhouse Gas Initiative (overview)• Heating Emissions •Transportation Emissions• Cap and DividendManagement is nothing more than motivating other people. -- Lee IacoccaPotential Rent Collection for Residential Fuels from Permit Auction RGGI ($1.86) British Columbia ($10) European Union ($40) Coal (.0003 mmt) $558 $3,000 $12,000 Petroleum (1.45) $2,697,000 $14,500,000 $58,000,000 Natural Gas (.16) $297,600 $1,600,000 $6,400,000 Wood (.03) $55,800 $300,000 $1,200,000 Electricity- System Purchases (.24) $446,400 $2,400,000 $9,600,000 Electricity- Historical Mix (.24) $446,400 $2,400,000 $9,600,000 Total Rent $3,943,758 $21,203,000 $84,812,000 Potential Rent Collection for Commercial Fuels from Permit Auction RGGI ($1.86) British Columbia ($10) European Union ($40) Coal (.002) $3,720 $20,000 $80,000 Petroleum (.51) $948,600 $5,100,000 $20,400,000 Natural Gas (.14) $260,400 $1,400,000 $5,600,000 Wood (0) $0 $0 $0 Electricity- System Purchases (.22) $409,200 $2,200,000 $8,800,000 Electricity- Historical Mix (.22) $409,200 $2,200,000 $8,800,000 Total Rent $2,031,120 $10,920,000 $43,680,000Potential Rent Collection from Transportation Emissions Permit Auction RGGI ($1.86) British Columbia ($10) European Union ($40) Gasoline Emissions: Carbon Dioxide (3.024 mmt) $5,624,640 $30,240,000 $120,960,000 Gasoline Emissions: Other GHG (.126 mmt) $234,360 $1,260,000 $5,040,000 Diesel Emissions: Carbon Dioxide (.64 mmt) $1,195,980 $6,400,000 $25,600,000 Diesel Emissions: Other GHG (.03 mmt) $49,848 $300,000 $1,200,000 Total Rent $7,104,828 $38,200,000 $152,800,000 So how do you change paradigms? ...In a nutshell, you keep pointing at the anomalies and failures in the old paradigm, you keep speaking louder and with assurance from the new one, you insert people with the new paradigm in places of public visibility and power. You don’t waste time with reactionaries; rather you work with active change agents and with the vast middle ground of people who are open-minded.Donella Meadows, “Leverage Points: Places to Intervene in a
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