Sanders and Boxer introduce ‘fee and dividend’ climate bill; greens tickled pink

  • metta

    Posts: 39143

    Apr 04, 2013 4:21 PM GMT
    Sanders and Boxer introduce ‘fee and dividend’ climate bill; greens tickled pink

    http://grist.org/climate-energy/sanders-and-boxer-introduce-fee-and-dividend-climate-bill-greens-tickled-pink/

    “Under the legislation, a fee on carbon pollution emissions would fund historic investments in energy efficiency and sustainable energy technologies such as wind, solar, geothermal and biomass. The proposal also would provide rebates to consumers to offset any efforts by oil, coal or gas companies to raise prices.”



    "It would impose a fee on carbon emissions at their source, such as coal mines, raising the price of fossil fuel energy.

    But instead of giving the proceeds to the government, three-fifths of the money would be refunded to U.S. residents.

    Such rebates could run into hundreds of dollars. The idea is modeled loosely on Alaska’s “permanent fund” that distributes royalties from the state’s oil and gas industry to every Alaskan resident. …"


    "The tax would raise an estimated $1.2 trillion over a decade and reduce greenhouse gas emissions 20 percent from 2005 levels. Three-fifths of the tax would be rebated to “every legal U.S. resident,” which might make it more politically feasible than if it went to the government.

    The rest of the money would go to incentives for clean energy and research."





    "it has pretty much zero chance of passing in the Senate and negative chance of passing in the House."
  • Posted by a hidden member.
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    Apr 04, 2013 4:25 PM GMT
    A negative chance of passing something? That's like, well, imaginary numbers.icon_lol.gif