Carbon Permits & Climate Dividends: Reducing Emissions, Supporting Families
This act introduces a system of fees for greenhouse gas emissions for companies producing and importing fossil fuels. The collected funds will be distributed to citizens as regular payments, called "Healthy Climate Dividends." The goal is to reduce pollution and support households in transitioning to clean energy.
Key points
Fossil fuel companies will be required to purchase carbon permits, which may impact fuel and energy prices.
Citizens with a valid social security number will receive regular cash payments from a fund created by the sale of these permits.
The act aims to reduce greenhouse gas emissions by 90% by 2050 compared to 2015 levels.
Mechanisms are included to protect communities disproportionately affected by pollution and to monitor air quality.
The act introduces border fees for carbon-intensive imports and rebates for exporters to protect the competitiveness of U.S. businesses.
Status:
Expired
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