Carbon Fee and Dividend: to Spur Job Creation, Industrial Boom

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Carbon → Fee → Dividend → Simple

  •    Fee on carbon-emitting fuels, at the source (mine, well, port of entry)
  •    100% of revenues returned, in equal shares, to every household, every month
  •    Non-protectionist border adjustment, to ensure level playing field
  •    Power over energy economy returned to consumers
  •    Major energy-sector investment flows to clean, renewable resources

The conventional wisdom on action to reduce carbon emissions is that it must be expensive, harmful to the economy, and result in less productive power generation. This is a blatant falsehood based on the outmoded idea that combustion is the most favorable way to harvest energy. All systems of carbon taxation or carbon emissions capping operate on the principle that applying economic pressure in a targeted way can inspire markets to change their behavior. This is the very logic of market-based economic systems.

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