Wednesday, Dec. 5, 2018 | 2 a.m.
Wow, it’s finally happened! A bipartisan group of House members recently introduced a bill to combat climate change.
The Energy Innovation and Carbon Dividend Act will drive down American’s carbon pollution and help bring climate change under control while unleashing American technology and innovation. It’s an effective bipartisan climate solution that is good for people and good for the economy.
Not only does it place a fee on carbon pollution at its sources, which will encourage movement toward cleaner, sustainable energy choices, it will not penalize American consumers. After program costs, the money collected in fees will be allocated in equal shares every month to the American people to spend as they wish.
The money is not a new tax, nor will it go into the treasury. The proposed bill has the support of the nonpartisan Citizens’ Climate Lobby because it is bipartisan, will be effective at reducing emissions, and protects low and middle income households from price increases.
This is a major step in the right direction for combating climate change.