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Opportunities to Address Climate Change: State-based Carbon Taxes March 17, 2017

Opportunities to Address Climate Change: State-Based Carbon Taxes

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Page 1: Opportunities to Address Climate Change: State-Based Carbon Taxes

Opportunities to Address Climate Change:

State-based Carbon Taxes

March 17, 2017

Page 2: Opportunities to Address Climate Change: State-Based Carbon Taxes

• Represent over 200,000 businesses in 40 states.• Over 80 business organizations are members.• Over 130 companies are members.• Advocate at federal level in Washington, DC.• Advocate in state capitals.• Place Op-eds and Policy Statements in media.• Have Biz leaders be spokes to media on issues.• Bring Biz leaders to DC to testify & lobby Congress & Administration.

ASBC’s Reach/Capabilities

asbcouncil.org/webinars

Page 3: Opportunities to Address Climate Change: State-Based Carbon Taxes

Upcoming Events

March 23 Webinar National Carbon Pricing

April 11 – 12 EventCongressional In-District Carbon Pricing / Climate Change Lobby Day

May 2 EventBusiness Climate Change Lobby Day, Washington, D.C.

asbcouncil.org/webinars

Page 4: Opportunities to Address Climate Change: State-Based Carbon Taxes

Jeff MaukExecutive Director, National Caucus of Environmental Legislators

Robert MohrAssociate Professor, Department of Economics, Paul College, University of New Hampshire

Aaron RegunbergState Representative, RI

Kevin RankerState Senator, WA

Michael GreenExecutive Director, Climate Action Business Association

Richard EidlinVP of Public Policy & Co-founderAmerican Sustainable Business Council

Speakers

asbcouncil.org/webinars

Page 5: Opportunities to Address Climate Change: State-Based Carbon Taxes

CARBON PRICING IN THE NORTHEAST

Page 6: Opportunities to Address Climate Change: State-Based Carbon Taxes

AT A GLANCE

● Nearly 40 nations and over 20 cities, states and regions have already put a price on carbon, and nearly $22 billion was raised globally in 2015 as a result.

● The Northeast has been a leader on energy issues, such as the nine-state northeast Regional Greenhouse Gas Initiative (RGGI)

Page 7: Opportunities to Address Climate Change: State-Based Carbon Taxes

CONNECTICUT

Establishing a carbon price for fossil fuels sold in Connecticut (HB 7247)

● Chief Sponsor: Representative Jonathan Steinberg

● Fee: $15 per ton of CO2, increasing by $5 per ton annually

● Allocation:○ 25% toward climate resilience, efficiency and other

renewable energy programs,○ 30% would provide dividends to employers in the state○ 40% would provide dividends to state residents

Page 8: Opportunities to Address Climate Change: State-Based Carbon Taxes

MASSACHUSETTS

An act combating climate change (S1821)

● Chief Sponsor: Senator Michael Barrett

● Fee: $10 per ton of CO2, rising $5 a year until $40 a ton

● Allocation: All revenue would be returned to households and businesses

Page 9: Opportunities to Address Climate Change: State-Based Carbon Taxes

MASSACHUSETTS

An act to promote green infrastructure, reduce greenhouse gas emissions, and create jobs (H.1726)

● Chief Sponsor: Representative Jennifer Benson

● Fee: $20 per ton of CO2, rising $5 a year until$40 a ton

● Allocation:○ 80% of revenue would be returned to

households andbusinesses

○ 20% would be reinvested in transportation, resiliency,and clean energy projects that reduce emissions

Page 10: Opportunities to Address Climate Change: State-Based Carbon Taxes

NEW HAMPSHIRE

Establishes a study commission (SB123)

● Chief Sponsor: Senator Martha Fuller Clark

● Impact: Establishing a commission to study a carbon reduction investment program for New Hampshire

Page 11: Opportunities to Address Climate Change: State-Based Carbon Taxes

NEW YORK

Establishes a tax on carbon-based fuels (A00107/S02846)

● Chief Sponsor: Senator Kevin Parker, Assemblyman Kevin Cahill

● Fee: $35 per ton of CO2, increasing by $15 a ton annually to a maximum of $185

● Allocation:○ 60% would be returned to low and moderate income

households○ 40% would be invested in clean energy and transportation

infrastructure

Page 12: Opportunities to Address Climate Change: State-Based Carbon Taxes

NEW YORK

Authorizes a study (A01919)

● Chief Sponsor: Assemblywoman Barbara Lifton

● Impact: Authorizes a study on implementing a greenhouse gas or carbon emissions fee or tax

Page 13: Opportunities to Address Climate Change: State-Based Carbon Taxes

RHODE ISLAND

Clean energy investment and carbon pricing act of 2017 (S0365/H5369)

● Chief Sponsor: Senator Jeanine Calkin and Representative Aaron Regunberg

● Fee: $15 per ton of CO2, increasing by $5 per ton annually

● Allocation:○ 70% refunded via per capita and per employee

rebatesto families and businesses

○ 25% would be invested into renewable energy and efficiency programs

Page 14: Opportunities to Address Climate Change: State-Based Carbon Taxes

VERMONT

An act relating to a cap and trade program (H.273)

● Chief Sponsor: Representative Mollie Burke

● Impact: This bill proposes to enable Vermont to participate in a multijurisdictional cap and trade program. 25% of revenue would support weatherization programs, 25% would support electricity efficiency, and the remaining 50% would support sustainable transportation.

Page 15: Opportunities to Address Climate Change: State-Based Carbon Taxes

VERMONT

An act relating to a carbon tax and cap and trade study (H.394)

● Chief Sponsor: Representative Mollie Burke

● Impact: Proposes a study of carbon pricing and cap and trade models in Vermont

Page 16: Opportunities to Address Climate Change: State-Based Carbon Taxes

CONTACT

Jeff Mauk, Executive DirectorThe National Caucus of Environmental Legislators

● Phone: 202-744-1006

● Email: [email protected]

Page 17: Opportunities to Address Climate Change: State-Based Carbon Taxes

ROBERT MOHR, ASSOC. PROFESSOR, DEPT. OF ECONOMICS, PAUL COLLEGE, UNH

Robert Mohr’s research focuses on public finance, innovation, and environmental policy. At the University of New Hampshire, he teaches graduate courses in microeconomic theory and public finance and undergraduate courses in microeconomics, public policy and environmental economics.

asbcouncil.org/webinars

Page 18: Opportunities to Address Climate Change: State-Based Carbon Taxes

AARON REGUNBERG, STATE REPRESENTATIVE, RI

Aaron Regunberg has fought for legislation that will benefit our schools, working families, the environment and our economy. He is proud to have helped lead successful efforts to raise the minimum wage (including the first increase for tipped workers in more than two decades), win millions more dollars in school facilities funding, create new renewable energy programs, and more.

asbcouncil.org/webinars

Page 19: Opportunities to Address Climate Change: State-Based Carbon Taxes

KEVIN RANKER, STATE SENATOR, WA

Kevin Ranker was first elected to the Washington State Senate in 2008 and was reelected in 2012 and 2016. He has served in Majority Leadership and as Chair of the Natural Resources Committee and the Environment Committee. Most recently, Kevin was elected by his colleagues to serve as the lead Democrat on the Ways and Means Committee responsible for the $42 billion state operating budget.

asbcouncil.org/webinars

Page 20: Opportunities to Address Climate Change: State-Based Carbon Taxes

State Carbon Pricing Network

Page 21: Opportunities to Address Climate Change: State-Based Carbon Taxes

NETWORK MEMBERS

• There are currently 17 campaigns in the network– These include the dark blue states featured on the map

Page 22: Opportunities to Address Climate Change: State-Based Carbon Taxes

STATE UPDATES

• Clicking on the dark blue states on the map allows you to learn more about each state’s campaign

• Information mentioned on the website includes: climate goals, who is leading the campaign, current status, and any proposed legislation

Page 23: Opportunities to Address Climate Change: State-Based Carbon Taxes

MEMBER SERVICES

• Services CXC provides Network members include:– Policy analysis– Campaign planning expertise– Forum to share ideas– Training & skill building

• Entering your contact information in the space provided gives you access to a variety of resources, such as op-ed templates, compiled legislation, and slide decks

Page 24: Opportunities to Address Climate Change: State-Based Carbon Taxes

Working with ASBC

Richard Eidlin, Vice President/[email protected]

Bryan McGannon, Policy [email protected]