Energy Innovation and Carbon Dividend Act

With our retirement savings and our future at stake, we support the Energy Innovation and Carbon Dividend Act, which will promote a healthy, stable, and prosperous America. We ask our companies and fund managers to endorse the bill as well.

Climate change is detrimental to global economic prosperity. According to Citigroup, GDP lost to climate change may reach $44 T by 2060. [1] Poorer air quality will harm public health, extreme weather will damage infrastructure, and heat stress will decrease agricultural production. [2]

The Energy Innovation and Carbon Dividend Act (H.R. 763) will drive down America's carbon pollution and bring climate change under control, while unleashing American technology innovation and ingenuity. This policy was also introduced in the Senate in 2018 as S. 3791.

This policy will:

  1. Reduce America’s emissions by at least 40% in the first 12 years. It’s supported by economists and scientists as simple, comprehensive, and effective.
  2. Improve health and save lives by reducing pollution that Americans breathe. Poor air quality causes an estimated 114,000 U.S. deaths each year and sickens thousands more. Additionally, the carbon dividend puts money directly into people’s pockets every month to spend as they see fit, helping low and middle income Americans.
  3. Create 2.1 million new jobs, thanks to economic growth in local communities across America.
  4. Allocate fees collected on carbon emissions to all Americans to spend any way they choose. The government will not keep any of the fees collected, so the size of the government will not grow.

Republicans and Democrats are both on board, cosponsoring this bill together. The majority of Americans support Congress taking action on climate change, including more than half of Republicans. Solving climate change is too urgent to get caught up in partisan politics.

[1] https://ir.citi.com/hsq32Jl1m4aIzicMqH8sBkPnbsqfnwy4Jgb1J2kIPYWIw5eM8yD3FY9VbGpK%2Baax

[2] https://nca2018.globalchange.gov