A new and vastly improved climate change policy has come out of nowhere to capture the imagination of state and national policymakers: "Cap and dividend." It works like this: Step one, impose a carbon cap. Step two, auction off all carbon allowances. Step three, return most of (if not all) the revenues generated to all households on a per capita basis.… Read More
On Sept. 22, in a speech to 100 world leaders gathered at the United Nations to discuss climate change, President Barack Obama declared the U.S. “determined to act.” But at the same time, word began to circulate on Capitol Hill that the Senate might be equally determined not to vote on the climate bill any time … Read More
A new policy brief from the Institute for Local Self-Reliance concludes that universal dividends are a critically important tool to create the political will and public acceptance for a carbon cap. Universal dividends have the potential to hold harmless a large segment of consumers while we move to a low-carbon economy. Moreover, the universal dividend honors the principle that the sky belongs to all of us equally.… Read More
Emissions cap is key in addressing climate issue Here’s a plan that offers a comprehensive approach and puts money in the pocket of every Minnesotan. By David Morris and Peter Barnes, originally published in the Minneapolis Star Tribune, July 10, 2007 For Gov. Tim Pawlenty, global warming is the “defining issue of our time.” Our Legislature … Read More
