There is a bill in the house of representatives that if passed would be a major step in the fight against Climate Change. That bill is the Energy Innovation and Carbon Dividend Act, H.R. 763.
H.R. 763 puts a fee on fossil fuels like coal, oil, and gas. It starts low, and grows over time. This will drive down carbon pollution because energy companies, leading industries, and American consumers will move toward cleaner, cheaper options.
The money collected from the carbon fee is allocated back every month in equal shares to the American people in the form of a carbon dividend to spend as they see fit. Program administrative costs are paid from the fees collected. The government would not keep any of the money from the carbon fee.
With this bill, most people will receive more in carbon dividends than they pay in increased costs for fuel or other products. They will have more money in their wallets to spend in their communities, therefore generating new jobs.
The U.N. Intergovernmental Panel on Climate Change and the National Oceanic and Atmospheric Administration’s National Climate Assessment reports late last year made it clear that the world must cut carbon dioxide emissions by at least 45 percent in 12 years to preserve any hope of maintaining a livable planet.
Twelve years! All of humanity should be tackling the Climate Change problem as though their lives depend on it — because they do. H.R. 763, if enacted now, would reduce carbon emissions by 40 percent over the next 12 years.
For the sake of our children, grandchildren, and all future generations, I respectfully ask Congressman Eric Swalwell to join 41 of his fellow congressmen in co-sponsoring the Energy Innovation and Carbon Dividend Act, and work to get it passed into law.