In the last year of pandemic disruption, we have seen the importance of stimulus funds and improved unemployment benefits in keeping individuals and families afloat and the economy strong. What if you could get paid every month to help reduce our collective carbon footprint? How great would it be to receive a monthly check that is not from taxpayers’ money? If you were happy to receive occasional checks during the pandemic, wouldn’t you be happy to receive regular monthly payments as part of our collective effort to achieve net zero emissions by 2050? Well you can!
HR 2307, the Energy Innovation and Carbon Dividend Act (EICDA), was reintroduced in Congress and now has 55 co-sponsors. The EICDA would price carbon pollution by imposing a levy on the production of fossil fuels. The resulting billions of dollars would be shared equally by all Americans as a dividend, offsetting the higher cost of energy and creating market-based incentives for businesses and households to reduce their carbon footprint. Studies show that the vast majority of Americans would see a positive net income; their monthly dividend would be greater than any increase in their cost of living.
Money in everyone’s pocket with no qualifications – must be too good to be true, right? No, it’s a creative way to price externalities so that people, not government, are the beneficiaries.
If you want to increase your disposable income while helping to mitigate the effects of climate change, please contact your representatives and urge them to support HR 2307.
Simon Diggins, Salt Lake City
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