The United States has yet to put an economy-wide price on carbon emissions, but momentum is building in the states to do just that. State legislators are working towards tackling the challenges of climate change by setting a price on carbon. These leaders are collaborating across state and party lines on mechanisms to not only reduce greenhouse gas emissions but to improve public health and create good jobs in the process. Carbon pricing forces emitters to pay for their pollution, and the funds can be directed towards social and environmental programs.
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Currently, polluters pollute for free, while the public pays with negative impacts on health, environment, and the climate. Putting a price on carbon shifts those costs back onto industry emitters.
The funds generated from carbon pricing can be directed towards the public good by funding climate mitigation or adaptation projects and investing in good-quality clean energy jobs.
Businesses agree that putting a price on carbon would bring predictability to energy prices, provide long-term savings, and reduce the economic costs of climate change.