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.
Carbon Pricing and Environmental Justice
By prioritizing environmental justice communities in carbon pricing programs, states can ensure their policies are reducing overall pollution while helping to remediate current environmental injustices.
35% of State Investments
35% of carbon pricing revenue is the minimum many states are directing towards climate and clean energy projects for communities overburdened by pollution.
Environmental Justice Populations
Equitably directing carbon pricing funds requires defining a participatory, transparent, and representative stakeholder process.
Mandatory Pollution Control Regulations
It is important to implement measures which ensure that pollution does not intensify or shift to another community as a result of carbon pricing legislation.