United States Senators Barbara Boxer (D-CA) and Bernie Sanders (D-VT) introduced comprehensive climate legislation following President Obama’s call for Congressional climate action only two days prior. This is the first major piece of climate legislation to be introduced since 2009.
This bill will put a fee on carbon emissions, including methane, and revenue from this fee will be returned to consumers as rebates to offset any resulting hikes in their energy costs. The fee will also fund energy efficiency projects and renewable energy technologies. The bill may not reach the floor of the Senate before summer.
“Pricing carbon is an important tool to address climate change, and this legislation ensures that working families aren’t penalized by dedicating 3/5 of revenues to a per-capita family refund. This will protect families at the same time we seek to protect the climate,” said Tyson Slocum, Public Citizen’s energy program director.
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