Devin Carroll - 5-29-2020 - U.S. must have carbon-fee system

U.S. must have carbon-fee system

May 29, 2020

Citizens’ Climate Lobby of Fresno thanks Rep. Jim Costa for co-sponsoring H.R. 4051, the Climate Action Rebate Act.
CARA is similar to our preferred legislation, H.R. 763, the Energy Innovation and Carbon Dividend Act.
Both acts charge gradually increasing fees to producers of oil, coal and natural gas based on the carbon dioxide released when these fuels burn.

EICDA returns all of the money to the people as dividends. CARA returns 70% as dividends to low- and middle-income residents. Another 20% goes to infrastructure, 5% to investments in clean energy and energy innovation, and 5% to transition assistance.
Economists agree that carbon fees are the most effective and market-friendly method of reducing greenhouse gas emissions.
Congress should pass this kind of legislation.

Devin Carroll, Fresno

 https://www.fresnobee.com/opinion/letters-to-the-editor/article243057891.html

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