Answer: Carbon fee and dividend bills started to appear in Congress in 2018. The carbon fee and dividend has emerged as the single most effective tool to reduce America’s carbon pollution to net zero by 2050, which explains its growing popularity among lawmakers. [1] It’s based on a CCL-supported framework to account for the hidden costs of burning fossil fuels, thus driving down greenhouse gas (GHG) emissions by stimulating American innovation and ingenuity. Scientists and economists alike [2,3] say it’s the best first step to reduce the impact of global warming. Here’s how it works in bills that have been introduced so far: Because the steady increase in fossil energy prices is predictable, it will stimulate invention and investment to cut carbon in myriad ways. Consumers will know they can count on increasing dividends to help them through the transition to a world of clean, energy-efficient goods and services. CCL’s favorite among these bills is the Energy Innovation and Carbon Dividend Act [4], which at the time of this posting has 89 sponsors in the House of Representatives. Hundreds of local businesses, governments, non-profits, faith groups, and prominent individuals [5] are on board with this effective step to address climate change. This page was last updated on 11/27/21 at 20:42 CST.Carbon Fee and Dividend Legislation
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Question: What’s in those bills?
Energy Innovation and Carbon Dividend Act
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