The Citizens Climate Lobby, a California-based environmental group, has released a report advocating a plan involving a small basic income as part of its strategy to address global warming. The plan is to tax carbon and redistribute the proceeds to every citizen in the form of an unconditional dividend. They would introduce $10 tax on each ton of carbon dioxide in the plan’s first. It would raise an estimated $56 billion in the first year, enough to provide a family of four with $44 in monthly rebates. The tax would rise by $10 a year over twenty years, so that ton of carbon would eventually cost $200. Every adult would receive $96 a month within ten years and $132 a month after 20 years. That would be an annual rate of $1,584. Children under 18 would receive half a rebate. Thus, a family of four would receive $4,752.
For more information see: “A climate solution that’s also good for the economy.” Citizens Climate Lobby, June 9, 2015.
The complete report is also online:
Scott Nystrom and Patrick Luckow, “The Economic, Climate, Fiscal, Power, and Demographic Impact of a National Fee-and-Dividend Carbon Tax.” Washington, DC: Regional Economic Models, and Coronado, CA: Citizens’ Climate Lobby.
Or contact: Steve Valk <mailto:steve.valk@citizensclimatelobby.org>, 1-404-769-7461.
Citizens' Climate Lobby