Carbon Dividends

For over a decade, Citizens’ Climate Lobby volunteers have asked their representatives in the United States Congress to work together to solve climate change. A viable climate change solution needs to be big and lasting —  which means bipartisan legislation.

On Tuesday, November 27, 2018, the Energy Innovation and Carbon Dividend Act of 2018 (H.R. 7173) was introduced in the U.S. House of Representatives by Republicans and Democrats working together to find the optimal solution for an economy-wide climate-smart energy transition in the U.S. This policy will drive down America’s carbon pollution while unleashing American technology innovation and ingenuity.

Citizens’ Climate Lobby describes the bill as:

Effective

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.

Bipartisan

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.

Revenue Neutral

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?

  1. 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.

  2. 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.

  3. 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.

  4. Regulatory Adjustment

    This policy prevents additional regulations on covered CO2 emissions, as long as emission targets are being met. If emission targets are not met after 10 years, then EPA regulatory authority over these emissions would be restored. Regulations based on other pollutants will not be affected, nor will regulations such as auto mileage standards, water quality and more.


Learn more at EnergyInnovationAct.org

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