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Cap and dividend is a simple, market-based way to reduce CO2 emissions without reducing household incomes. It caps fossil fuel supplies, makes polluters pay, and returns the revenue to everyone equally. 
1. It gets the job done. |
LATEST NEWSNew Video Explains Clear ActSen. Maria Cantwell’s office has produced a new 2-minute video explaining how the bipartisan CLEAR Act will cut U.S. carbon emissions 80 percent by 2050 by harnessing the power of the free market. Cantwell and Collins Promote Clear Act in Washington Post“There has been much talk recently about whether Republicans and Democrats in Washington can produce a bipartisan clean-energy and jobs bill. The answer is: We already have." “We have authored a bill that empowers America’s private sector to take the lead in the $6 trillion global energy market while shutting out Wall Street speculators and protecting low- and middle-income families from energy price increases. “Our concept is simple: Instead of cap-and-trade, our approach is cap-and-dividend, with the dividends going where they belong: into the pockets of hard-working Americans.”
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Carbon Capping:
Cap and Dividend
Peter Barnes
What if the 25 percent of auction revenue not returned to the people was allocated to two grand public purposes: grants to states for job creation, and federal deficit reduction? The proportions could change over time, with more job creation in the early years and more deficit reduction down the road. Such a clean-energy-plus-jobs-plus-deficit-reduction package might entice fence sitters on both sides of the aisle. Even in today’s acrimonious political climate, it would be hard for senators to resist a bipartisan policy that creates jobs, reduces our financial and ecological debts, and pays hard cash to everyone.