CARBON FEE AND DIVIDENDS

With the clock ticking on our opportunity to limit global warming to the critical 2 degree increase by 2030, we need a bill in Congress that is both effective and bipartisan. A carbon fee and dividend policy, where a fee is assessed on carbon fuels and Americans receive dividend payments from the fees collected, is just that.

First, it’s effective. In their February 2021 report, the National Academies of Sciences, Engineering, and Medicine recommend a carbon fee for achieving net zero emissions by mid-century. The 2018 report by the UN’s Intergovernmental Panel on Climate Change (IPCC) calls c...