Last week we co-hosted a presentation by the Citizen’s Climate Lobby at the Warner Library about Climate Change. The discussion revolved around a Carbon Tax Dividend. In a nutshell it involves four steps.
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Carbon Fee
This policy puts a fee on fossil fuels like coal, oil, and gas. It starts low, and grows over time. It will drive down carbon pollution because energy companies, industries, and consumers will move toward cleaner, cheaper options.
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Carbon Dividend
The money collected from the carbon fee is allocated in equal shares every month to the American people to spend as they see fit. Program costs are paid from the fees collected. The government does not keep any of the money from the carbon fee.
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Border Carbon Adjustment
To protect U.S. manufacturers and jobs, imported goods will be assessed a border carbon adjustment, and goods exported from the United States will receive a refund under this policy.
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Regulatory Adjustment
Currently, the U.S. does not regulate CO2 emissions for their impacts on the climate. This bill prevents the EPA from regulating CO2 and equivalent emissions, which are covered by the bill, for 10 years. If emission targets are not being met after 10 years, Congress directs the EPA to regulate those emissions. The bill does not impact regulations on any other pollutants, including auto mileage standards, water quality and more.
To learn more and to take action please visit https://citizensclimatelobby.org/energy-innovation-and-carbon-dividend-act/