“Unless we take bold action to reverse climate change, our children, grandchildren and great-grandchildren are going to look back on this period in history and ask a very simple question: Where were they? Why didn't the United States of America, the most powerful nation on earth, lead the international community in cutting greenhouse gas emissions and preventing the devastating damage that the scientific community was sure would come?”
These are the words of Vermont Senator Bernie Sanders throwing down the gauntlet on the U.S. government’s continued inaction on what many people consider to be the most pressing issue of our time. The statement was made on the occasion of a bill that Sanders introduced, along with California Senator Barbara Boxer: the Climate Protection Act of 2013.
Basically, the plan would tax carbon-emitting fossil fuels at their sources such as coal mines or oil wells with a fee of $20 per ton of CO2 equivalent. The price of the fee would increase by 5.6 percent per year for ten years. But unlike an ordinary tax, 60 percent of the money raised by this levy would be distributed to the American people, to offset the additional charges they would incur at the gas pump or on their utility bills. The rebates could run into hundreds of dollars per year per person.
The remaining 40 percent would be used to “fund historic investments in energy efficiency and sustainable energy technologies such as wind, solar, geothermal and biomass.”
These funds will be provided to Weatherization Assistance Program, ARPA-E, the production tax credit and investment tax credit, manufacturing for clean energy technologies, worker training, and other programs needed for the transition to a clean energy future.
Of course, climate-deniers rushed to object. Heartland Institute's Steve Stanek, said, “It would raise energy costs, forcing us to pay more for energy. Think of this as taking money out of our left pocket. Then the plan would refund some of the money back to us. Think of this as putting money in our right pocket. Shifting money from our left pocket to our right pocket does not leave us with more money.”
Of course, what people like Stanek are apparently incapable of getting, is the fact that the point of this bill is not about leaving us “with more money.” There are, in fact, people, intelligent people, who are interested in other things besides getting more money, though I’d be surprised if someone like this knows anyone like that personally.
The bill is expected to raise $1.2 trillion over the decade and more importantly, Mr. Stanek, it would reduce greenhouse gas emissions by 20 percent relative to 2005 levels. Along the way, it could also help reduce the deficit, not only by providing some government revenue but more importantly, by providing stimulus funds to the fast growing, job-creating green segment of our economy.
The folks at 350.org took a more upbeat note. “There's a new sense of momentum around climate change here in Washington, D.C.”
There is indeed a growing sentiment on the heels of President Obama’s State of the Union Address, where he came out forcefully, declaring that action is urgently needed.
The bill is not expected to pass the Senate, never mind the backward-looking House. But the fact that it contains some new and innovative thinking could help to break the logjam that currently exists in Congress. This could lead to other ideas that could potentially gain support.
Since the rebates are apparently based on the Alaska oil dividend, the funds will be distributed on a per person basis.
I think it’s a great step forward, though I would think it might be even better if the rebates were tied to behaviors that benefit the climate change issue. Something like the “feebates” proposed by Rocky Mountain Institute, which is a net zero incentive system that charges a fee for people driving cars with below-average fuel economy while rebating the money to those driving cars getting better mileage.
RP Siegel, PE, is an inventor, consultant and author. He co-wrote the eco-thriller Vapor Trails, the first in a series covering the human side of various sustainability issues including energy, food, and water in an exciting and entertaining format. Now available on Kindle.
Follow RP Siegel on Twitter.
RP Siegel (1952-2021), was an author and inventor who shined a powerful light on numerous environmental and technological topics. His work appeared in TriplePundit, GreenBiz, Justmeans, CSRWire, Sustainable Brands, Grist, Strategy+Business, Mechanical Engineering, Design News, PolicyInnovations, Social Earth, Environmental Science, 3BL Media, ThomasNet, Huffington Post, Eniday, and engineering.com among others . He was the co-author, with Roger Saillant, of Vapor Trails, an adventure novel that shows climate change from a human perspective. RP was a professional engineer - a prolific inventor with 53 patents and President of Rain Mountain LLC a an independent product development group. RP was the winner of the 2015 Abu Dhabi Sustainability Week blogging competition. RP passed away on September 30, 2021. We here at TriplePundit will always be grateful for his insight, wit and hard work.