The Climate/Environment Bill in Congress
Re: the new climate/environment bill and my comment that Asia is the real problem in terms of greenhouse gas emissions, a reader notes: Hopefully, it’ll give China/India marginally less cause to drag their feet. Does seem this bill is plausibly designed to catalyze CO2-reducing market responses, but I’m pretty ignorant in this realm.
Here’s my recommendation for what should happen in the U.S.: The Carbon Fee and Dividend Initiative. The cost? $0.00.
It would create instant incentives to find low-carbon alternatives, and to build stuff that consumers can use to decarbonize. It’s net revenue-neutral, meaning that it doesn’t cost a dime overall; it just takes money from people and business entities that hog carbon and hands it to those who don’t.
Obviously, it can be implemented by any country on the planet.