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Put A Price On It D.C., Explained
We know that putting a price on carbon is one of the most straightforward and cost-effective ways to fight climate change. By making fossil fuel polluters pay for the real and damaging costs of their emissions, we can unleash the clean energy solutions we need, and make D.C. families better off in the process.
With a carbon fee and rebate policy, companies that buy and sell fossil fuels in the District would pay a fee on each ton of heat-trapping pollution they cause. The price, rising steadily over time, would reflect the damage these emissions inflict on our health, air and water, and climate.
Starting on day one, the majority of the money raised would be returned—through a quarterly “rebate”—to every D.C. resident. While a universal, equal rebate on its own is an economically progressive policy, our bill design also provides additional support to low-income District residents. The carbon fee and rebate puts more money into the pockets of D.C. families, ensuring that low-income and middle class residents are better off in the transition to clean energy.
Strategic investments would also be made to accelerate D.C.’s transition to a clean energy economy in a way that is just and equitable. And the rebate would more than offset any rise in consumer prices for the vast majority of residents. In fact, an initial analysis of a D.C. carbon fee set at $20 per ton would yield nearly $200 per resident per year, increasing steadily over time by hundreds of dollars as the carbon price strengthens.
A carbon fee will mean less pollution wrecking our lungs and our atmosphere, more investment into energy efficiency solutions, and a faster transition to clean, renewable energy sources. D.C. families would benefit both economically and environmentally from cleaner air and water, new jobs created in energy efficiency and renewable energy, and more money in their bank accounts.
It’s time for D.C. to lead—not only in cutting fossil fuel pollution, but in creating a more just and sustainable economy for all.
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Latest news & resources
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April 28, 2017Tens of Thousands Will Call on D.C. City Council to Cut Ties with Wells Fargo and Put a Price on Carbon, as They Pass John A. Wilson Building During March for Climate, Jobs, and Justice WASHINGTON — O...
For Climate Action in D.C., Look Outside Congress
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