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 help D.C. families in the process. With a carbon fee-and-rebate policy called the Climate and Community Reinvestment Act of D.C., companies that buy and sell fossil fuels in the District would pay a steadily-rising fee on each ton of heat-trapping pollution they cause.
The money raised would then be re-invested in our community through “rebates” to D.C. residents and strategic investments to accelerate D.C.’s transition to a clean energy economy in a way that is just and equitable. Read the fact sheet about the Climate and Community Reinvestment Act here, and read the draft bill here.
D.C. has strong carbon reduction goals, but is currently not on path to achieve them. The Climate and Community Reinvestment Act would be a major step forward on climate action, while ensuring that low-income and middle class residents are fully protected in the transition to clean energy. It would also mean less pollution wrecking our lungs and our atmosphere, more investment into energy efficiency solutions, and a faster transition to clean, renewable energy sources.
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.