America’s Climate Solution
For over a decade, our volunteers have asked their Members of Congress to work together to solve climate change. A viable climate change solution needs to be big and lasting — which means bipartisan legislation. We fully support the Energy Innovation and Carbon Dividend Act of 2018. This policy will drive down America’s carbon pollution while unleashing American technology innovation and ingenuity. We support it because it’s:
This policy will reduce America’s emissions by at least 40% within 12 years.
Good for People
This policy will improve health and save lives. Additionally, the carbon dividend puts money directly into people’s pockets every month to spend as they see fit, helping low and middle income Americans.
Good for the economy
This policy will create 2.1 million additional jobs over the next 10 years, thanks to growth in the clean energy economy.
Republicans and Democrats are both on board, cosponsoring this bill together. The majority of Americans support Congress taking action on climate change, including more than half of Republican millennial voters. Solving climate change is too urgent to get caught up in partisan politics.
The fees collected on carbon emissions will be allocated to all Americans to spend any way they choose. The government will not keep any of the fees collected.
How does it work?
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.
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.
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.
There are not currently any active U.S. regulations on CO2 emissions. The Senate and House versions of the bill address how any future regulations on greenhouse gas emissions covered by this policy can be handled. The Senate bill calls for an EPA review after 6 years. The House bill prevents new regulations by the EPA on covered emissions, but if emission targets are not being met after 10 years, regulatory authority over these emissions would be restored. Neither bill impacts regulations on any other pollutants, including auto mileage standards, water quality and more.
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