The Energy Innovation and Dividend Act (HR763) has been introduced into the Federal Congress. Although often described as a carbon fee and dividend proposal of the kind promoted by the Citizens Climate Lobby, this is really a greenhouse gas emissions reduction proposal and offers the merit that it includes full life cycle assessment of the emissions. The funds generated would be returned to Americans through quarterly dividend payments which means those of us being more prudent in our purchases (i.e. buying products that don’t incorporate into their price extensive greenhouse gas emissions fees) would potentially reap the reward of gaining more than we spend. While this approach has certain advantages, it also means that the program would not generate funds that could be expended serving the purposes of lowering greenhouse gas emission, reducing the atmospheric concentration of those gases, promoting adaptation to the inevitable global warming that will occur, or serving to address social justice / equity issues.
The local Citizens Climate Lobby is holding an informational meeting on this proposal.