Group: Three Writers:Presenters: Aven JonesSean Townsend Victoria SarmentoTim Fournier James FosterIrakoze Vincent Chris CooperMatthew Barber Saki FujinoIngrid Moreira Sus101:01 Professor Golder

The Issue at Hand Alaskaland is a country with an abundant amount of natural resources. Ex. valuable ores, minerals, as well as significant oil deposits. These resources will deplete within 150 years Goals: to expand its economy to provide its citizens with greater economic opportunities and well-being. expand its natural resource utilization Consider what is best for Alaskaland citizens, both today and in the future Introduce alternative means of energy (solar, wind, geothermal power, etc.)

Criteria

Current Policy At the current extraction rate, natural resources in Alaskalands will deplete in 150 years (maximum) These resources yield approximately 40% of the countries Gross Domestic Product (GDP) These industries provide AL with 30% of total employment The fees and taxes generated from the leasing of public lands provide Alaskaland with 50% of its annual income.

The three alternatives Alternative 1: (Future generations) – Extraction rates stay constant (life:150 years) – Amount put in future trust increase from 20% to 40% – Tax increase 5% Alternative 2: (higher taxes longer life) – Extraction rate reduced (Life: 250 years) – Affects GDP, employment and general revenue – Tax increase (?%) Alternative 3: (current generation) – Extraction rate increased dramatically (Life: 50 years) – Increased social welfare – Future generations you're on your own (no trust)

Alternative Two Current PolicyDifferenceAlternative Two Hydrocarbon and mineral resources will deplete in 100 years. Max years decrease current extraction rates, ensuring resources will last 250 years Mining and oil industry yields approx. 40% of Alaskaland's GDP -15% 25% of Alaskaland's GDP These industries provide 30% of employment -15% 15% of total employment 50% annual income = taxes and fees generated from leasing public land +100 years 30% of Alaskaland's revenue 20% of revenue from mining and oil production goes into a security fund Same 20% of revenue still placed in a security fund Other 80% goes towards the operational budget of the Alaskaland government -30% 50% of revenue goes towards the operational budget due to this revenue, Alaskaland citizens enjoy a "subsidy" in the form of low income and expenditure taxes Increase ?% taxes will have to be raised “Alaskaland decides currency is not a sufficient substitute for natural resources (including valuable ores and oil) because these commodities have traditionally appreciated in value significantly more than conservative investment rates of return placed on the set aside trust fun monies. Thus, Alaskaland decides to decrease current extraction rates to protect the resources availability.”

Why not the other two

Why we chose Alt. 2

How we will create jobs / offset negative impacts of alt. 2

Wind Power

Geo-thermal power