Energy Innovation and Carbon Dividend Act
The bipartisan climate solution
CCL’s core focus is to lobby the U.S. Congress to establish a steadily-rising fee on greenhouse gas emissions at their source (e.g. well head, port, or mine) and return the fee as an equal monthly dividend to American households. The fee will stimulate energy innovation and efficiencies. The dividend will protect U.S. households from rising energy costs, while a border adjustment will protect U.S. businesses.
This policy will reduce America’s emissions by at least 40% in the first 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 new jobs, thanks to economic growth in local communities across America.
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 Republicans. Solving climate change is too urgent to get caught up in partisan politics.
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 It Works
The video below provides an overview of the Energy Innovation and Carbon Dividend Act, made by high school student and Ann Arbor CCL member Sophie Fetter. Sophie was fascinated by the economics of carbon fee and dividend. She decided to merge her passion for video making and her climate advocacy.
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