Carbon Fee and Dividend ICC Rotary

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The Best Solution to Global Warming

by Tim Dec

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Presentation Outline

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• The science around climate change• Short video• Citizens’ Climate Lobby and our approach to

address climate change• Policy analysis• Questions

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CO2 in our atmosphere

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We’re Adding To Our Greenhouse

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Efforts So Far Haven’t Stopped CO2 Increase

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We’re now rapidly adding CO2 to the relatively stable amount we’ve had for hundreds of thousands of years.

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What about the Sun?

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What about Temperatures?

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Pass national“Carbon Fee and Dividend” legislation

Citizens’ Climate Lobby’s Solution

• Place a steadily rising fee on the CO2 content of fossil fuels

• Return all net revenue from the carbon fee back to households

• Enact border tariff adjustments to ensure fairness and competition

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Citizens’ Climate Lobby’s Approach

• Writing letters to the editor, op-eds, and meeting with editorial boards

• Facilitating a wide range of outreach events to educate others on our policy

• Building relationships with our federally elected representatives on a foundation of respect, appreciation and gratitude for their service

We keep a singular focus on our policy and create political will for action by —

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• Apply a fee to fossil fuels, start at $15• Base the fee on the CO2 the fuel will release

when burned• Collect the fee as far upstream in the

economy as practical• Steadily increase the fee each year by $10

How it works

Carbon Fee and Dividend

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• 100% of the revenue is returned to households • Monthly dividends are in equal shares• Approximately 2/3 of households will break

even or come out ahead

How it works

Carbon Fee and Dividend

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• Regional Economic Models Inc (REMI)• Model CO2 Emissions, GDP, Employment, and

Health Effects• $10/ton of CO2 increasing at $10/year for 20 years

Commission a independent study

How will it effect the U.S. economy?

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Regional Economic Models Inc.

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• CO2 emissions decline 33% after 10 years, and 52% after 20 years

• 13,000 premature deaths avoided annually after 10 years

• National employment increases by 2.1 million jobs after 10 years, and 2.8 million after 20 years - about 1%

• $70-$85 billion annual increase in GDP, cumulative increase in national GDP of $1.3 trillion after 20 years - about 0.4%

Economic Analysis by REMI

No economic case against Carbon Fee

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Employment Increases Nationally

“BICEP’s overall goal is broad: bi-partisan consensus among policy makers to reduce US greenhouse gas emissions 80 percent below

1990 levels by 2050”1616 

BICEP - Business For Innovative Climate and Energy Policy

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Oil Majors Endorse Carbon Pricing

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Rep Chris Gibson (R-NY) 13 House Republicans have co-sponsored

The Gibson Climate Resolution (House)

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Bipartisan Climate Solutions Caucus

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Citizen’s Climate Lobby 2016 Lobbying Conference

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Join us for an introductory conference call www.CitizensClimateLobby.org/join-weekly-intro-call

Every Wednesday5pm PST, for 1-hour

(866) 642-1665code 440699#

? What’s Next ?

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? Questions ?

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? Questions ?