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Carbon pricing is essential to meet the President’s emissions target: The latest climate news is that Senator Joe Manchin won’t advance the Clean Energy Performance Program (CEPP). This is a major blow for many other organizations in the climate advocacy world who worked hard to advance this policy, but it does not mean that climate progress is out of reach. Now as COP26 approaches, we should keep focused on our end goal of advocating for policy in the budget reconciliation bill that will reach the President’s target to cut U.S. carbon pollution by 50% by 2030.
- You could write that there is no time left to stall on impactful climate policy. If the CEPP is not an option, we must hit our emissions reduction target with other policies, and a price on carbon needs to be in the mix to get there.
- Modeling from Resources for the Future shows a carbon price alone starting at $15 could reduce emissions 45% below 2005 levels by 2030. Sen. Wyden, chairman of the Senate Finance Committee, has confirmed that clean energy tax credits remain on the table, too. Other policies like a fee on methane are also in the mix and would help reduce emissions. So even without the CEPP, our goals are still within reach.
- The money from the fee could be returned to American households as a “carbon cash back”. A carbon tax becomes affordable for ordinary Americans when the money collected from corporate polluters is given as a dividend, or “carbon cash back” payment, to every American. This protects low- and middle-income Americans who otherwise might not be able to afford the transition.
- If you have a more conservative audience in your district, you could write that we can ensure that climate change is addressed without unnecessary government expansion with a carbon fee and dividend that puts money back in people’s pockets to spend with no restrictions. Carbon pricing adheres to values of fiscal responsibility while encouraging innovation and boosting the economy. Let’s solve climate change with policy that is revenue-neutral and won’t grow the government.
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