Carbon Fee and America's Clean Future Fund Act
This act introduces a fee on carbon and other greenhouse gas emissions to reduce pollution. It establishes a fund to finance clean energy projects and support communities affected by climate change and those reliant on carbon-intensive industries. A portion of the fee revenue will be returned to citizens through direct payments.
Key points
Implements a fee on greenhouse gas emissions, increasing annually, to incentivize companies to reduce pollution.
Establishes the America's Clean Future Fund to finance clean energy, climate resilience, and support for workers and communities impacted by economic transition.
Provides direct rebate payments to citizens from a portion of the carbon fee revenue to help offset potential increased costs.
Offers support to farmers and foresters for adopting practices that reduce greenhouse gas emissions, including payments for implementing eco-friendly solutions.
Assists communities affected by changes in carbon-intensive industries, including job retraining programs, job creation, and climate resilience initiatives.
Status:
Expired
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