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The Vermont Common Assets Trust: An institution for sustainable, just and efficient resource allocation

Farley, Joshua; Costanza, Robert; Flomenhoft, Gary; Kirk, Daniel

Description

Both private and public sectors have failed to adequately provide critical ecosystem goods and services or an equitable distribution of wealth and income. To address this problem, the Vermont legislature is considering the creation of a Vermont Common Assets Trust (VCAT) that would make the state's atmosphere, aquifers and other resources created by nature or by society as a whole the common property of all Vermonters, present and future. Under the Trust, a board of trustees would have the...[Show more]

CollectionsANU Research Publications
Date published: 2015
Type: Journal article
URI: http://hdl.handle.net/1885/98732
Source: Ecological Economics
DOI: 10.1016/j.ecolecon.2014.10.016

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