CCL has many resources explaining the legislative and economic details behind Carbon Fee & Dividend, including our Core Volunteer Training on Diving Deep into Carbon Fee & Dividend.
Amidst all of these materials and information though, we want to know - what questions do you have about carbon fee & dividend?
Amidst all of these materials and information though, we want to know - what questions do you have about carbon fee & dividend?
2 Replies
I'm new to CCL and I just finished reading the text of the bill, a few questions;
1. How is biogas treated vs natural gas? I assume biogas benefits since natural gas will be priced higher
2. Energy companies will receive credits for sequestering carbon, how do they differentiate good incremental sequestering vs sequestering that should have done all along (blatant methane leaks that occur in natural gas production). The latter should be fined not credited. How will this be handled?
3. I didn't see examples of "carbon intensive products" that would be affected by the import fee, can you provide some? How is this coordinated with other countries (since they almost all signed the Paris agreement there should be alignment)?
4. One article on the CCL website compares impact to the average house hold is $2,060, with a dividend back of $692. Do you have a more granular breakdown so the progressive impact is visible, for example; households with annual income of $30K vs $80K vs $150K vs $500K.
1. How is biogas treated vs natural gas? I assume biogas benefits since natural gas will be priced higher
2. Energy companies will receive credits for sequestering carbon, how do they differentiate good incremental sequestering vs sequestering that should have done all along (blatant methane leaks that occur in natural gas production). The latter should be fined not credited. How will this be handled?
3. I didn't see examples of "carbon intensive products" that would be affected by the import fee, can you provide some? How is this coordinated with other countries (since they almost all signed the Paris agreement there should be alignment)?
4. One article on the CCL website compares impact to the average house hold is $2,060, with a dividend back of $692. Do you have a more granular breakdown so the progressive impact is visible, for example; households with annual income of $30K vs $80K vs $150K vs $500K.
Howdy Tom Calderwood, apologies on the delayed response for your post after our busy national conference, but here's a quick take on all four questions you pose, feel free to distinguish any further for follow-up:
1. See this laser talk for more information.
2. Section 9906 of the bill text specifically deals with sequestration and qualifies the payments based on the conditions that such storage is deemed "safe, permanent, and in compliance" with local/state laws.
3. See the Understanding Border Carbon Adjustments and specifically slides 22 -25 of the presentation to see such examples and one example of how it would coordinated.
4. See the Household Impact Study's estimates by quintile after year one of the carbon fee being implemented for this granularity.
1. See this laser talk for more information.
2. Section 9906 of the bill text specifically deals with sequestration and qualifies the payments based on the conditions that such storage is deemed "safe, permanent, and in compliance" with local/state laws.
3. See the Understanding Border Carbon Adjustments and specifically slides 22 -25 of the presentation to see such examples and one example of how it would coordinated.
4. See the Household Impact Study's estimates by quintile after year one of the carbon fee being implemented for this granularity.
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