VALUES TO GUIDE FINANCING ALASKA'S JUST TRANSITION
These values directly build on Regenerative Finance's Regenerative Economy Values.
BUILD COMMUNITY WEALTH
DRIVE SOCIAL EQUITY
Invest in frontline Alaskan communities that are bearing the worst impacts and paying the cost of supporting hollow and temporary wealth for our state, nation, and the oil industry. Return profit that has been extracted and give these communities decision-making power over capital.
Wealth redistribution is key to addressing the racial wealth gap. A voluntary land tax could support language revitalization. De-centralized and highly adaptive channels for resources and decision-making power focused on rural Alaska to counteract the concentration of capital and decision making control in urban Alaska (like the proposed Climate Resilience Fund).
SHIFT ECONOMIC CONTROL The communities determine the structures and terms of investments based on their needs. Metrics of success include community health indicators as well as health of ecosystems.
DEMOCRATIZE THE WORKPLACE Experiment or revitalize what community ownership structures look like in Alaska. Consider how existing corporations can transition and become worker-owned cooperatives or B Corporations and in general divest from the extractive economy and invest in the solidarity economy.
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ADVANCE REGENERATIVE ECOLOGICAL ECONOMICS Indigenous economic frameworks like reciprocity (balanced exchange) and redistribution (for example through potlatches) within overlapping relationships of responsibility and interdependence are critical to inform and restructure Alaskan economies to thrive. These are some of Alaska’s greatest strengths for a Just Transition. Alaskans value self-reliance - hunting, fishing, berry picking, making our own tools, building our own homes, fixing things when they break, and looking out for each other - all of which make our communities more resilient. Care economies, longstanding practices for mutual aid, and holistic frameworks like restorative economics are vital to address intersecting crises of climate, pandemic, and late stage capitalism collapse.
