Bozeman Citizens Climate Lobby Monthly Meeting and National Conference Call
Jan. 14, 7pm at St James Episcopal Church, 5 W. Olive St. (See: Google Maps )
Meet great people working towards a practical solution to our climate crisis: Carbon Fee and Dividend
Join us to celebrate our successes from the past year and plan for the next!
If you are new to Citizens Climate Lobby, you will see our strategic approach based on building relationships in action.
We'll also be listening to the national conference call lead by our inspirational Executive Director, Mark Reynolds. The Guest Speaker is economist Adele Morris of the Brookings Institute.
Dr. Morris is a fellow and policy director for Climate and Energy Economics at the Brookings Institution. Her expertise and interests include the economics of policies related to climate change, energy, natural resources, and public finance.
Then we'll send you home with talking points on Sen. Baucus' Energy Tax Reform Proposal. Email comments to [masked] by Jan. 31.
The proposal calls for rolling the current 42 energy tax credits into 2: one on clean energy production (measured by the ratio of greenhouse gasses emitted to energy produced) and the other on clean transportation fuel. We appreciate his goals for clean energy credits that are simple, technology neutral, but feel a Carbon Fee and Dividend (see below) can do this and more.
§ Our carbon fee is more consistent with the aims of the proposal with simplicity, lower cost and bureaucracy.
§ Unlike the proposal, a carbon fee provides incentives for ALL parts of the green energy economy
§ A carbon fee is a free market approach and therefore could pass with bipartisan support.
§ A fee is easier to link to science-based climate realities instead of arbitrary 25% reduction on the current state.
§ Costs the federal government virtually nothing (administrative costs estimated at a fraction of a percent.)
§ Unlike credits, a carbon fee would work internationally (where 82% of emissions originate) via a Border Tax Adjustment.
§ Less paperwork for businesses. Slow phase in over ten years provides predictability.
§ Creates the incentive for business to invest in infrastructure, which the subsidy can't do.
§ Speed of implementation (tax incentives wouldn't come online until 2017!)
§ For energy industry workers, additional legislation could assist with transition plans
§ A carbon fee hits energy-intensive industries equally, while price increases can be passed to consumers who will receive dividends to ease the transition.
What's a Carbon Fee and Dividend?
1. A tax is placed on carbon-based fuels at the source (well, mine, goods at port of entry).
2. This tax starts at $15 per ton of fossil CO2 emitted, and increases steadily each year by $10 so that clean energy is cheaper than fossil fuels within a decade.
3. All of the money collected is returned to American households on an equitable basis.
4. Under this plan 66% percent of all households would break even or receive more in their dividend check than they would pay for the increased cost of energy, thereby protecting the poor and middle class .
5. A predictably increasing carbon price will send a clear market signal which will unleash entrepreneurs and investors in the new clean-energy economy.
 “Tax Shifts”. March 21, 2011. The Carbon Tax Center. Last accessed: 5-23-13. URL: http://www.carbontax.org/issues/tax-shifts/