Carbon Fee and Dividend Bill Would Help Reduce Climate Pollution, Protect Americans

(Washington, D.C. – April 1, 2021) Today, Representatives Ted Deutch (D-FL), Judy Chu (CA-27), Charlie Crist (FL-13), Anna G. Eshoo (CA-18), and Scott Peters (CA-52) introduced the Energy Innovation and Carbon Dividend Act, a bill that would significantly cut carbon pollution across the economy and return revenue back to American families. This ambitious bill aims to reduce U.S. carbon pollution to zero by 2050 (compared to 2010 levels).

“The harmful effects of climate change are already bearing down on communities across the country,” said Elizabeth Gore, EDF Senior Vice President of Political Affairs. “Urgent action is needed to reduce greenhouse gas emissions across our economy. Representative Deutch and his colleagues are making an important contribution to the search for climate solutions. An approach like this would drive investment and innovation to cut emissions.

“Importantly, this bill also includes a climate backstop, a provision that ties the carbon fee to emissions reduction performance and helps keep us on track to meet vital pollution reduction goals.

“This measure could be one of several pieces of a comprehensive and inclusive approach that begins to address the significant economic, health, and security threats we face from climate change. We look forward to working with Rep. Deutch and others in Congress – along with stakeholders most impacted by and knowledgeable about solutions – to design strong climate policies that significantly reduce local air pollution, address environmental injustice, and drive investments in underserved communities.”