The 223rd General Assembly (June 2018) determined that support of carbon fee and dividend policies (CFD) is a just and effective way to avert the worst effects of climate change. CFD will rapidly reduce greenhouse gas emissions, and transition us to a clean energy future. Overture 08-12 On Support for Carbon Pricing
What is Carbon Fee and Dividend? How does it work?
- An increasing fee (tax) is collected on every ton of CO2 generated from fossil fuels.
- As these fuels become more expensive, consumers and business choose cheaper, cleaner energy sources.
- All revenue is rebated as a monthly cash payment to all Americans to offset increased energy costs.
- The poorest two thirds of households will receive more in dividends than they will pay in higher energy costs and the wealthiest ⅓ (who are responsible for most of the emissions) will pay more.
A Border Carbon Adjustment provides a global solution
- Places a tariff based on their carbon pollution content.
- Protects U.S. manufacturers as they receive refunds on their exported goods to offset their increased energy costs.
- Incentivizes all U.S. trading partners to adopt similar policies
How can CFD or carbon pricing help climate change?
- EFFECTIVE: Reduces emissions 40% by 2030,90% by 2050
- GOOD FOR PEOPLE: Reduces harmful pollution in the air we breathe which improves health and saves lives. – Monthly dividends put cash in peoples’ pockets, protect livelihoods, and spur clean energy choices. Especially favorable to poorest two thirds of U.S, households most affected by climate change
- GOOD FOR THE ECONOMY: This policy will create 2.1 million additional jobs over the next 10 years
- BIPARTISAN: Republicans and Democrats are working together on this solution. Republicans support a market-based solution to climate change and Democrats consider this an effective climate solution
- Fulfills our calling: This approach offers a compassionate and just way to fulfill our call to be faithful stewards of God’s creation.
What can we do as PCUSA members, congregations or judicatories?
- Learn more about CFD so you can become better advocates. ())
- Urge your members of Congress to support CFD such as the bipartisan Energy Innovation and Carbon Dividend Act HR 2307 )
- Enlist others (neighbors, friends, other denominations, environmental groups, etc.) to advocate for this approach.
- Join Presbyterians for Carbon Dividends (P4CD)
For more information contact: Linda Racine
For more information, refer to other blog posts on carbon pricing:
- JANUARY 2020: Ten Carbon Pricing Bills Now Before Congress
- Presbyterian advocacy for carbon pricing gains wide support
- In Support of the Energy Innovation and Carbon Dividend Act
- The Real Deal: A Carbon Bill Arrives
- General Assembly Policy on Carbon Pricing
- New Environmental Policies Passed by the General Assembly
- View and then share this overview presentation recorded by Presbyterian ruling elder Bill Bray: Presentation to Westminster PC