www www.En Energy gyIndependentVT VT.org rg Who We Are re A - - PowerPoint PPT Presentation

www www.En Energy gyIndependentVT VT.org rg

Who We Are re

A growing coalition o

• f di

diverse se g groups, s, b busi sinesse ses s and c conc ncern rned citizens ns, i incl ncluding: g:

Vermont Yankee Decommissioning Alliance

Ou Our G Goal als

• Substantiall

tially r red educe V VT’s c s carb rbon pol

• llution

tion

• Create e

economic b benefits t to the s state and grow j jobs bs

• Do
• so
• in a way

ay t that i is eq equita table f for

• r l

low

• w-income VTer

ers

Ou Our Pl Plan

1) P Put a a pric ice on

• n carb

rbon p pol

• llution

ion. 2) I Invest i in V Vermonters by helpi ping us s save mo money and c cut pollu llutio ion. 3) Cut t taxes f s for

• r V

Ver ermonters a and Verm ermon

• nt b

busin siness sses 90% t tax cuts a and reb ebate tes for

• r V

Ver ermon

• nters

10% i investments i in efficiency & & clean e energy 100% 100% s stays i in n Vermont

1) P Put t a pric ice on

• n carbon p

pollu lutio tion

• Assessment o
• n C

n CO2 po pollu llutio ion, a applie lied t to he heatin ing a and nd tran ansportation

• n f

fuel els

• Exem

empts ts el elect ectricity ty ( (covered b by R RGGI n now)

• Price p

per t ton n – Differ eren ent s scen enar arios – $50, 50, $ $100 100, $ $150 150/ton – Phased ed i in ov

• ver

er 1 10-15 y 15 years ( s (15 15 yrs rs in 1 150/ 50/ton)

• $50/

50/ton s scenari rio g generates $ s $30 m 30 m/year i r in 2 2018 018; $ $250 250/year r in 2 2027 027

• Applied a

at d distributor l level

4.0% 4.0% 1.0% 1.0%

Heating efficiency Vehicular efficiency Weatherization Solar tax credits

10 PER PERCEN ENT t to Low i income W Weatherization & & an En Energy I Independence ce F Fund

Help

lpin ing pe people le t transitio ion o

• ff fossil

l fuels ls…

Transportation efficiency

2) H Hel elp V Ver ermonters s save m mon

• ney a

and cu cut t carbon p pollution

45.0% 22.5% 22.5%

Rebates to individuals Corporate income tax cuts Rebates to employers

90 PERC ERCEN ENT d directl tly b y bac ack t to Vermo mont nters thro rough tax cuts an and r rebates.

3) C Cut t taxes f for

• r V

Ver ermonters & & VT bu T busi sinesse sses

We e are c com

• mmit

itted t to addressin ing th the nee eeds of

• f l

low-in income V Ver ermonters.

• Wor
• rkin

ing w with l low

• w-income advocates a

and e experts t to shape the b best est p pol

• lic

icy p possib

• ssible

le

• Initial

ial con

• ncept: A

Appro roxim imate tely ly 1 10 per ercent of t of rev evenue ded edicated t to

• addition

ional l reb ebate f for

• r t

the l e low

• west

est 40 per ercent of

• f V

Verm ermont income-earners

• Every V

Vermonte ter gets ts t the p per a adult rebate, a and low- income i individ iduals ls g get et additional al mon

• ney s

soon

• oner

r (poss

• ssib

ible w way ays: s: E EBT c card rd, r reg egular c r check)

Reg egion ional l Econ

• nomic

ic Mod

• del

els, s, I

• Inc. (

(REMI) mod

• deli

eling of

• f

imp mpacts on

• n V

Verm ermont’ t’s econ

• nom
• my, c

carbon pollu llutio ion.

500 1,000 1,500 2,000 2,500 3,000 3,500 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 Net jobs Total Employment $0 $20 $40 $60 $80 $100 $120 $140 $160 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2014$ (millions) Gross State Product 1 2 3 4 5 6 7 8 Tonnes (millions) Carbon Pollution

(metric tons CO2)

• Ca

Carbon p pollu lutio ion go goes d down

• Economic

ic i indic icators go go up

• High

gher p r pollution t tax = = bigge gger r benefits ts

WHY? W We sa save m money by by u usi sing l less ss fossil f il fuel. l.

REMI A Analy lysis is: I Income b by quin intile ile

• 0.2%

0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% Change from baseline Lowest 20% Low-Middle 20% Middle 20% High-Middle 20% Highest 20%