Congressional bill H.R. 763, the Energy Innovation and Carbon Dividend Act (“Carbon Cashback” initiative), was a main topic of the March 2019 Sustainable Rossmoor general meeting. Marti Roach and Dr. Cynthia Mahoney from the Citizen’s Climate Lobby updated the attendees on the bill.
The presentation had an overview of what the bill is and how it works. It described why it is important – we have 12 years to cut global emisions by 50%* – and where it stands in Congress. Actions Rossmoorians can take to support it were given.
H.R. 763 establishes a fee on fossil fuels: coal, oil and natural gas. Those fuels produce greenhouse emissions. H.R. 763 drives down carbon pollution. Energy companies, industries and consumers will have a financial incentive to move to cleaner, cheaper options.
The money collected from the carbon fee would be allocated in equal shares monthly to the American people. American people can spend their share as they want. Government will not keep any of the money from the carbon fee.
The bill is modeled after carbon fee and dividend laws having an positive impact in Canada and western European countries.
Citizen’s Climate Action Lobby is a non-profit, non-partisan grassroots advocacy organization focused on National policies to address climate change.
Read the Rossmoor News article, Sustainable Rossmoor to learn about ‘Carbon Cashback’. Rossmoor News February 27, 2019, Sustainable Rossmoor to learn about ‘Carbon Cashback’ on page 16A.
* “IPCC” in the first picture stands for “The Intergovernmental Panel on Climate Change.” The Intergovernmental Panel on Climate Change (IPCC) is the United Nations body for assessing the science related to climate change.