Energy Innovation and Carbon Dividend Act of 2018 – H.R. 7173

H.R. 7173  Introduced  in the USA 115th Congress House of Representatives on November 27, 2018 

“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.”

Complete Text: H.R.7173 — 115th Congress (2017-2018)

How does it work?

  1. Carbon Fee

    This policy puts a fee on fossil fuels like coal, oil, and gas. It starts low, and grows over time. It will drive down carbon pollution because energy companies, industries, and consumers will move toward cleaner, cheaper options.

  2. Carbon Dividend

    The money collected from the carbon fee is allocated in equal shares every month to the American people to spend as they see fit. Program costs are paid from the fees collected. The government does not keep any of the money from the carbon fee.

  3. Border Carbon Adjustment

    To protect U.S. manufacturers and jobs, imported goods will be assessed a border carbon adjustment, and goods exported from the United States will receive a refund under this policy.

  4. Regulatory Adjustment

    This policy prevents additional regulations on covered CO2 emissions, as long as emission targets are being met. If emission targets are not met after 10 years, then EPA regulatory authority over these emissions would be restored. Regulations based on other pollutants will not be affected, nor will regulations such as auto mileage standards, water quality and more.

  5. The Primary Directive of Earthlobbyist is to meet people who deny climate change so we can talk with them about their beliefs, where they live and vote.