Energy Innovation and Carbon Dividend Act of 2018
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| Long title | To create a Carbon Dividend Trust Fund for the American people in order to encourage market-driven innovation of clean energy technologies and market efficiencies which will reduce harmful pollution and leave a healthier, more stable, and more prosperous nation for future generations. |
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| Enacted by | the 115th United States Congress |
| Citations | |
| Public law | H.R.7173 - Energy Innovation and Carbon Dividend Act of 2018 |
| Legislative history | |
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The Energy Innovation and Carbon Dividend Act of 2018 was a proposed 2018 bill in the United States House of Representatives that intended to "create a Carbon Dividend Trust Fund for the American people in order to encourage market-driven innovation of clean energy technologies and market efficiencies which will reduce harmful pollution and leave a healthier, more stable, and more prosperous nation for future generations." The bill was originally introduced by Representative Ted Deutch (D-FL) on November 27, 2018 with bipartisan support from 4 co-sponsors.[1] A companion bill was introduced into the Senate by Chris Coons (D-DE) and Jeff Flake (R-AZ) on December 19, 2018.[2]
The bill died when the 115th congress ended on January 3, 2019. The bill was reintroduced in the 116th congress as the Energy Innovation and Carbon Dividend Act of 2019.
Description of the bill
The bill would:
- Introduce a rising upstream fee on the carbon content of fuels.
- Rebate fee revenues with an equal share to adults with a Social Security number or Taxpayer Identification Number, and a half-share for all minors younger than 19 per household
- Introduce a border carbon adjustment
- Adjust some regulations which would be duplicative, keep others including CAFE vehicle standards
Reaction
The Center on Global Energy Policy published a comparison of the bill to other carbon tax proposals.[3]
See also
References
- ^ Conradis, Brandon (2018-11-27). "Bipartisan group of lawmakers propose landmark carbon tax". TheHill. Retrieved 2018-11-30.
- ^ Coons, Christopher A. (2018-12-19). "S.3791 - 115th Congress (2017-2018): Energy Innovation and Carbon Dividend Act of 2018". www.congress.gov. Retrieved 2019-02-12.
- ^ "Columbia | SIPA Center on Global Energy Policy | How the Bipartisan Energy Innovation and Carbon Dividend Act Compares to Other Carbon Tax Proposals". energypolicy.columbia.edu. Retrieved 2018-11-30.
External links
- https://energyinnovationact.org/, a site about the bill from the Citizens' Climate Lobby