The Climate/Environment Bill in Congress

Re: the new climate/environment bill and my comment that Asia is the real problem in terms of greenhouse gas emissions, a reader notes: Hopefully, it’ll give China/India marginally less cause to drag their feet.  Does seem this bill is plausibly designed to catalyze CO2-reducing market responses, but I’m pretty ignorant in this realm.

Here’s my recommendation for what should happen in the U.S.: The Carbon Fee and Dividend Initiative.  The cost? $0.00.

It would create instant incentives to find low-carbon alternatives, and to build stuff that consumers can use to decarbonize.  It’s net revenue-neutral, meaning that it doesn’t cost a dime overall; it just takes money from people and business entities that hog carbon and hands it to those who don’t.

Obviously, it can be implemented by any country on the planet.