Congratulations everyone! 🎉 Today the Energy Innovation and Carbon Dividend Act of 2021 (H.R. 2307) has been reintroduced into the House by Rep. Ted Deutch (D-FL-22) and 28 original cosponsors. Tune in to learn the updates and details.
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Here's the full update on CCL Community Bulletin and post your questions here in the Energy Innovation Act Forums! 😀The new 117th Congress H.R.2307 bill is also up on Congress.gov here: https://www.congress.gov/bill/117th-congress/house-bill/2307/cosponsors
Quick additional pro-tip to pass on to your network:
To get alerts as the bill moves through committees, has additional sponsors added, and encounters any other action, click on the "Get alerts" link right below the title. You'll have to create an account to have this service, but it's worth it for instant notifications sent directly to your preferred inbox.
For more head-to-head comparisons see: Energy Innovation Act Comparison Chart and for more detailed the Q&A has been updated: Energy Innovation Act Q&A
From: https://community.citizensclimate.org/handling-challenging-questions
Background
The vast majority of oil used globally is burned. Only 4% is used to produce plastics and another 9% for chemicals and other purposes (carbon fibers, asphalt, petroleum jelly, etc.). For uses of fossil fuels that will not result in greenhouse gas emissions, any carbon fees put on that unburned feedstock would be refunded to the manufacturer of the non-emitting product. Any fossil-based energy used or fuel combusted in the manufacturing process would not receive a refund.
For the most part, fossil fuel-based carbon in plastic does not turn into greenhouse gases, unless the plastic is incinerated.
What you might say
Consider asking a question to find out more about their underlying concern.
While there are many people concerned about the impacts from the production, use, and disposal of plastics and other petrochemicals, this policy is focused only on the climate impacts from fossil fuels. All greenhouse gas emissions from burning fossil fuels would be subject to the fee.
Other environmental impacts can be addressed through other policies.
Elaine Salinger
Who will receive the dividends?
Section 9512. (c)(3), p. 29 - line 16:
‘‘(C) ELIGIBLE INDIVIDUAL .—The ‘eligible individual’ means, with respect to any month, any natural living person who has a valid Social Security number or taxpayer identification number and is a citizen or lawful resident of the United States (other than any individual who is a citizen of any possession of the United States and whose bona fide residence is outside of the United States). The Secretary is authorized to verify an individual’s eligibility to receive a carbon dividend payment."
Infrastructure spending isn't discussed in the Energy Innovation and Carbon Dividend Act. The strong price signal that it sends to transition to clean energy would provide incentive to invest in some kinds of infrastructure (like to support electrification and clean energy projects), but dedicated infrastructure spending is not discussed and would accelerate these changes and support other infrastructure challenges.
If you're interested in thinking about how different policies might compliment the Energy Innovation and Carbon Dividend Act, let me plug next Monday's iteration of the Economic Benefits of CFD series! We'll be discussing complementary policies (:
Sen. Markey and Representative Debbie Dingell reintroduced the T.H.R.I.V.E. Act in February 2021.
https://www.markey.senate.gov/news/press-releases/senator-markey-rep-dingell-reintroduce-thrive-resolution-to-build-back-economy-following-coronavirus-pandemic
thanks!
john
Thanks @Analicia Hazelby!
No Republican cosponsor yet but you can always check yourself on Congress.gov here: https://www.congress.gov/bill/117th-congress/house-bill/2307/cosponsors
Quick additional pro-tip to pass on to your network:
To get alerts as the bill moves through committees, has additional sponsors added, and encounters any other action, click on the "Get alerts" link right below the title. You'll have to create an account to have this service, but it's worth it for instant notifications sent directly to your preferred inbox 😀
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