Sunday, September 11, 2016

Charles Franklin - March 2016 unpublished - Carbon Fee and Dividend

One of the greatest thing invented was the printing press. Close behind was landing a man on the Moon. Medicine had major breakthroughs; the discovery of penicillin, vaccines and organ transplants. Harnessing electricity, using blast furnaces to make steal and the oil industry were benefits to mankind. We paid little attention to the yellow clouds hanging over cities.

Environmentalists, doctors and scientists started to sound alarms. The govemment took measures to reduce the amount of CO2 floating into the atmosphere. Cap and Trade was introduced as a way to reduce toxins emissions. Auto manufactures were required to make more fuel-efficient gasoline engines. Recycling was and is a success because it makes sense and is easy. 

Citizen’s Climate Lobby is working to get Carbon Fee/Dividends introduced.

* A fee is placed on fossil fuels at the source; well, mine, port of entry. The fee starts at $l5 per ton of CO2 emissions and increases each year by $10.

*All the money collected is retumed to American households. About 2/3 of all households would break even or receive more in their dividend checks than they would pay in higher prices due to the fee.

*A border tariff adjustment on goods imported or exported to countries without a equivalent price on carbon. This would discourage businesses to relocate and encourage other nations to adopt an equivalent price on carbon.

*A predictable increasing carbon price will send a clear market signal which will prompt entrepreneurs and investors in the new clean-energy economy.

Charles Franklin
March 2016

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