Price on Carbon Must Be Part of This Year’s Climate Legislation

Our nation’s lawmakers are currently working on a package of spending measures and policies aimed at transforming America’s infrastructure and tackling climate change.

During an Earth Day summit with world leaders, President Biden committed the U.S. to reducing greenhouse gas emissions 50 to 52 percent by 2030 compared to 2005 levels. To achieve that goal, Biden has proposed spending hundreds of billions of dollars on electric vehicle charging stations, incentives for consumers to purchase EVs, retrofitting homes and businesses to be more energy efficient, and upgrading the nation’s energy grid to facilitate the transmission of renewable energy throughout the country. The proposal calls for a clean electricity standard mandating that all U.S. electricity be generated with non-fossil fuel sources by 2035.

We would like Reps. Thompson and Keller and Sens. Casey and Toomey to ensure that a robust price on carbon is part of this package of policies. Economists say carbon pricing is “the most cost-effective lever to reduce carbon emissions at the scale and speed that is necessary.”

Here are three key reasons why the U.S. should include carbon pricing in our strategy to address climate change:

Read more at the Centre Daily Times.

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