Regarding climate change, it is certainly true that “A nation doesn’t have to exempt itself from the laws of science to protect its interests,” (Dec. 30 editorial “After Paris”). However, claiming that effective climate action requires sacrifices that will hurt our economy is not accurate. Carbon fee and dividend programs that pair fees placed on polluting emissions with dividends paid to consumers can fight climate change and encourage innovation that will lead to economic growth.
The bipartisan Energy Innovation and Carbon Dividend Act (S.3791/H.R. 7173), introduced in November, includes measures that will strengthen our economy while reducing our reliance on fossil fuels. According to Citizen’s Climate Lobby, a nonpartisan organization, the act is potentially effective, with reductions of emissions by 40 percent or more possible by 2030.
It is good for people, as most families will receive more in dividend than they are charged — including a “prebate” check to be distributed to payees before any fees are collected. It’s good for the economy. with as many as 2.1 million new jobs anticipated. It is bipartisan, with Democratic and Republican supporters in both the House and the Senate. Finally, as all fees are to be distributed back to ratepayers and administrative costs are capped, the plan is revenue neutral, thus allaying fears of those who worry about increased regulation.
The Energy Innovation Act is a forward-thinking proposal that combines concern for science with protection of our National Interests. Rep. Mike Doyle and Sens. Bob Casey and Pat Toomey should support these measures when they are re-introduced in the new Congress.
Rob Schwartz
Highland Park
First Published: January 6, 2019, 5:00 a.m.
