Urge your Representative and Two Senators to Support (Co-sponsor) Energy Innovation and Carbon Dividend Legislation!
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Background: On January 25th, a bipartisan group of House representatives** introduced HR 763, the Energy Innovation and Carbon Dividend Act (EICDA). The legislation seeks to reduce national carbon pollution emissions by over 90% by 2050 by pricing carbon at $15 per metric ton and increasing $10 every year. This level of ambition would be a significant step towards addressing the climate challenge, especially its impacts our poor and vulnerable neighbors, and our shared future.
As the most significant piece of bipartisan climate legislation to be introduced since 2009, we encourage you to ask your House Representative to co-sponsor this bill and ask your Senators to introduce a similar bill on a bipartisan basis.
EICDA is a market-based, revenue-neutral approach which would impose a fee on the carbon content of crude oil, natural gas, coal, and products derived from those fuels, at the point of production or import. Proceeds from the fee would be distributed monthly to American taxpayers in the form of a "dividend". Studies indicate that a large majority of taxpayers, including those in lower income brackets, would benefit from the dividend program.
There are a few other technical aspects of the bill that may be important to keep in mind:
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