Energy Innovation and Carbon Dividend Act (HR 2307)

The Energy Innovation Act puts a price on carbon pollution and returns all the proceeds as a dividend to American households. The provisions of this bill will

  • reduce emissions 50% by 2030 and put us on track to reach net zero by 2050
  • set the direction for innovation and businesses will respond to provide clean affordable energy
  • save 4.5 million American as dangerous pollution is reduced
  • put money in your pocket that you can spend as you choose

This plan has bipartisan appeal because it

  • is revenue neutral — it does not increase the size of government
  • creates good jobs,
  • protects low and middle income Americans – the dividend means that two/thirds of families will come out even or ahead
  • keeps our economy strong

For more information, check out:

illustrate the effectiveness of HR 763
Carbon outputs projection, in millions of metric tons per year, by Energy Innovation Policy Solutions’ web app

The graphic above comes from Energy Innovation Policy Solutions’ web app. Since HR 2307 starts the price at $15/ton and increases it by $10 each year, the price would reach about $300/ton by 2050. To recreate this graph yourself, find “Carbon Tax” under “Cross Sector”, set all the values to $300, and turn on “Applies to Process Emissions”. The app automatically makes the price grow from $0 to $300 between now and 2050, at a similar rate to HR 763. You can use the app to explore many other policy solutions as well.