Copyright 2021: Russell Castagnaro

Why CCC?

Colorado must significantly lower greenhouse gas emissions and encourage clean technologies.

Copyright 2021: Russell Castagnaro

  • 100% Renewable energy use by 2040
  • 90% reductions in 2005 emissions levels by 2050

How

  • Permit/ license the emissions of greenhouse gas

  • Issue tokens for confirmable activities that reduce or eliminate greenhouse gasses
  • Provide a reliable return on tokens issued
  • Enforce penalties for emissions

Copyright 2021: Russell Castagnaro

Leverage blockchain, regulation, and feebates.

Permitting/ Licensing

Any entity that will emit more than a certain amount of greenhouse gasses must purchase a license or permit for producing those emissions.

 

Accidental emission permits are required within 30 days of an incident.

Copyright 2021: Russell Castagnaro

Enforcement

Entities emitting more emissions than permitted must pay a penalty of at least 150% of the standard permit/license cost.


If the entity cannot shoulder that cost, the senior management of that entity may be held personally responsible.

Copyright 2021: Russell Castagnaro

Rebates

 

Issued with confirmed emission avoidance or greenhouse gas sequestration

 

Copyright 2021: Russell Castagnaro

Colorado Clean Environment Enterprise 

A state enterprise C2E2

  • Regulate greenhouse emissions
  • Provide feebates for reduction strategies
  • Confirm and enforce rules/ regulations
  • Levy penalties
  • Manage the Clean Colorado Coin

Copyright 2021: Russell Castagnaro

Regulation 

  • Minimum emission levels (Waivers)
  • Annual rates permits/ licenses
  • Enforce limits
  • Confirm emissions
  • Levy fines and penalties  

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Rebates via CCC

  • Mint tokens in annual tranches
  • Set rate of return on tokens
  • Traceable back to source
  • Tradeable in secondary markets
  • Guaranteed rate of return
  • Paid in non-expiring non-refundable tax credits

Award tokens based on provable emissions avoidance or greenhouse gas sequestration

Copyright 2021: Russell Castagnaro

Year 1

  • C2E2 (State Enterprise)
  • Regulatory authority

 

 

  • Staff
  • Licenses/permit fees
  • First tranche return rate
  • Token
  • Confirmation methods

Copyright 2021: Russell Castagnaro

Legislation Enacted to establish

C2E2 Organization

Year 2

  • Issue permits/ licenses/ penalties
  • Collect fees
  • Award tokens for confirmed savings, sequestration, or other activities
  • Publish all licenses, permits, penalties, fees and awards on a publicly confirmable blockchain
  • Set rate of return for next tranche
  • Modify fees if needed

Copyright 2021: Russell Castagnaro

C2E2 Activites

Year 3+

  • Pay CDOR for used for nonrefundable tax credits.
  • Issue permits/ licenses/ penalties
  • Collect fees
  • Award tokens for confirmed Savings, Sequestration, or other activities
  • Publish all licenses, permits, penalties, fees and awards on a publicly confirmable blockchain
  • Set rate of return for next tranche
  • Modify fees if needed

Copyright 2021: Russell Castagnaro

C2E2 Activites

In Practice

  1. ABC Energy Alternatives installs solar panels on 1000 Colorado homes and provides .
  2. C2E2 has set 7.07 × 10-4 metric tons CO2/kWh
  3. After confirmation, C2E2 issues 5 CCC (~$10,000)
  4. Rate of return has been set to 1.3%

 

Options: Next tax year

  • Hold the tokens as an investment
  • Sell the tokens to another entity
  • Exchange for a $10,130 tax credit

Copyright 2021: Russell Castagnaro

Future Policies

C2E2 can award tokens for any activity that lowers greenhouse gases.

Such as:

  • Electric car owners based on miles driven
  • Wind or Solar energy generation
  • Proof of ridership on RTD
  • Sequestering CFCs
  • Closing oil and natural gas sites
  • Leveraging rail over truck and plane transport
  • Encouraging zero-emissions agriculture
  • Planting carbon absorbing plants

Copyright 2021: Russell Castagnaro

Future Policies

C2E2 can require permits for any activity that increases greenhouse gases.

Such as:

 

  • Selling low efficiency vehicles
  • Poorly managed fueling stations
  • High parking capacity construction
  • Use of high-emissions HVAC systems
  • Clearing carbon absorbing flora

Copyright 2021: Russell Castagnaro

Closing

 

100% Renewable energy use by 2040

Leveraging blockchain, regulatory authority, and incentives CCC and C2E2 will promote better business and personal decisions to move the state to 100% renewable energy by 2040

Copyright 2021: Russell Castagnaro

Thank You

Copyright 2021: Russell Castagnaro

Thank You

 

CCC/C2E2 will enable Colorado to convert to 100% Renewable Energy by 2040 and Greenhouse emission reduction of 90% by 2050 compared to 2005 emission levels by leveraging

blockchain technology, regulation, and feebates.

 

Copyright 2021: Russell Castagnaro

Clean Colorado Coin

By Russell Castagnaro

Clean Colorado Coin

Clean Colorado Coin Greenfield Pitch for EthDenver 2021

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