On Nov. 28, a group of congressmen, including Democrats and Republicans, introduced the Energy Innovation and Carbon Dividend Act. If passed, this act would apply a nationwide price on carbon emissions, and revenue from the act would be allocated equally to all American households on a monthly basis. This ensures the program is revenue-neutral and does not grow the size of government.
As indicated by advocacy group Citizens Climate Lobby, this approach is a climate-change solution advocated by both economists and climate scientists as the simplest, most effective approach to solving climate change. This bill seeks to lower carbon dioxide and other emissions by at least 40 percent in the first 12 years.
It is anticipated the new act may create 2.1 million new jobs over the next 10 years, based on estimates of a revenue-neutral carbon price. Additionally, implementing this policy will reduce health-care costs by cutting pollution, as studies show that poor air quality causes an estimated 60,000 U.S. deaths each year.
Rep. Ted Deutch, D-Fla., one of the congressmen who introduced the bill, said, “This aggressive carbon pricing scheme introduced by members from both parties marks an important opportunity to begin to seriously address the immediate threat of climate change.”
Please contact your congressman and express support for this important and historic bill.
David Larsen, Sun Valley