Net Zero by 2050
This policy will reduce America’s carbon pollution by 50% by 2030, putting us on track to reach Net Zero by 2050.
Source for 50% reduction by 2030: Energy Innovation’s Resources for the Future Carbon Pricing Calculator was used to project the emissions reductions from the Energy Innovation Act’s carbon price, on top of the climate policies passed in the Inflation Reduction Act.
Source for net zero by 2050: Text of the bill
Affordable Clean Energy
America leads the world with technology innovation. With this policy, the government sets the direction, and businesses respond in order to provide abundant, affordable, and reliable clean energy. This clean energy innovation will drive us faster towards net zero pollution.
Source: World Economic Outlook, October 2020: A Long and Difficult Ascent, Chapter 3
Saves Lives
This policy will help improve health and save millions of American lives over the next 50 years by reducing pollution Americans breathe. Poor air quality from burning fossil fuels is responsible for as many as 1 in 10 American deaths today, and sickens thousands more.
Source for 4.5 million American lives saved over 50 years: Health and Economic Benefits of a 2ºC Climate Policy
Source for 1 in 10 American deaths caused by air pollution: Global mortality from outdoor fine particle pollution generated by fossil fuel combustion: Results from GEOS-Chem
Puts Money in Your Pocket
This policy is affordable for ordinary Americans because it puts money in your pocket. The money collected from the fee is given as a monthly dividend, or ‘carbon cash back’ payment to every American to spend with no restrictions. Most low and middle-income Americans will come out financially ahead or break even.
Source: Financial Impact of the Energy Innovation and Carbon Dividend Act on U.S. Households