How does Carbon Fee and Dividend legislation work?
Carbon Fee and Dividend legislation puts a fee on the amount of carbon dioxide in fossil fuels. This fee is assessed at the source of the fuel: at the mine, well, or port of entry. The fee starts out low and increases annually in a predictable manner until green energy is competitive with fossil fuel. The fee is collected and 100 percent reimbursed to all citizens, shielding them from the financial impact of the transition to a clean energy economy. Because the fee (and the price of fossil fuel) goes up predictably over time, it sends a clear price signal to begin using fossil fuels more efficiently or replace them with green energy. Investment flows to green technologies and the rising cost of fossil fuels increases the demand for these products, making them even less expensive as they reach mass production. This clear easy to understand price signal (increasing fossil fuel costs and decreasing green technology costs) drive the transition to a green economy. This transition will reduc
Related Questions
- Why will the adoption of Carbon Fee and Dividend legislation put America in the leadership position on climate change?
- What benefits will America receive by addressing climate change through Carbon Fee and Dividend legislation?
- How many new jobs will be created if we adopt Carbon Fee and Dividend Legislation?
