Climate change is making more headlines than ever. It’s also getting more expensive than ever. According to a report by the National Oceanic and Atmospheric Administration (NOAA), severe weather, tornadoes and hail have caused climate disasters that have cost the U.S. $95Billion in climate damages.
The good news? Global warming is not your fault. Even during the pandemic lockdowns all greenhouse gases rose faster between 2020 and 2019. We are not the major polluters. Hence, why are we contributing to the rising costs of climate-change?
The other good news, though, is that the reconciliation package still offers a chance to discourage carbon emissions and dodge the worst of climate change’s price tag. Business Roundtable, American Petroleum Institute, U.S. Chamber of Commerce all support a climate solution:
1) Avoid big government regulation
2) Incentivizes innovation in renewable energy and creates jobs
3) Puts money directly into the pockets of individuals or families
What are all these things? A carbon fee and a dividend that is applied across the economy. It’s a climate solution that pays people, and it’s projected to cut America’s costly and dangerous carbon pollution in half by 2030 and reach net zero emissions by 2050. It charges a fee per metric to produce emissions and makes monthly payments to all Americans. This allows us to spend as we wish. Big emitters may pay more, but regular people can still benefit.
Sens. Collins and King, I’m asking you to support a carbon fee and dividend now. Give Mainers the opportunity to cut the cost of climate changes, stay on top our bills, while still pursuing a livable planet.