February 4, 2020
|File Size||2.1 MB|
|Date||February 4, 2020|
|Author||Climate Leadership Council, Americans for a Carbon Dividend|
On February 4th, 2020, Ryan Costello, Managing Director of Americans for Carbon Dividends and Catrina Rorke, Vice President of Research for the Climate Leadership Council, gave a presentation to CWN's Energy Action Coalition.
The Climate Leadership Council is an international policy institute based in Washington, D.C. and was founded to promote a carbon dividends plan to incentivize significant reductions in carbon emissions.
They propose an economy-wide fee on CO2 emissions starting at $40 a ton and increasing every year at 5% above inflation. They believe the plan could cut U.S. CO2 emissions in half by 2035. All net proceeds from this fee would be paid as a dividend to Americans on a quarterly basis to help cover increased energy costs.