Episode 13 - The Energy Innovation and Carbon Dividend Act, part 2

Time for more details about the bipartisan carbon fee bill that everybody (everybody = Hope and Ana) is talking about!

Note: in the time between recording this episode and uploading it, the Senate ALSO introduced a (slightly edited) version of this bill, and the new House reintroduced it (also in slightly edited form). #nice

Sources: 

• carbon emissions rise for 2018: https://www.cnn.com/2019/01/08/politics/us-carbon-emissions-rise-2018/index.html
• household impact study (how does a carbon fee and dividend policy affect people across different states/income levels/etc?): https://11bup83sxdss1xze1i3lpol4-wpengine.netdna-ssl.com/wp-content/uploads/2016/05/Ummel-Impact-of-CCL-CFD-Policy-v1_4.pdf - "Importantly, this analysis is “static” and does not consider “dynamic” effects of a carbon tax on economic growth, employment, wages, trade, production processes, or consumption patterns over time.4 Nor does it consider local or global environmental benefits. Instead, I calculate the short-term financial effect on families, assuming that the policy is implemented “overnight”, firms pass the entire carbon fee on to consumers in the form of higher prices, and there is no change in behavior, technologies, or emissions."
• more info about household income quintiles: https://www.taxpolicycenter.org/statistics/household-income-quintiles
• info about republicans/millenials/climate change attitudes: 
• http://climatecommunication.yale.edu/publications/politics-global-warming-march-2018/2/
• http://www.pewresearch.org/fact-tank/2018/05/14/many-republican-millennials-differ-with-older-party-members-on-climate-change-and-energy-issues/?fbclid=IwAR1ETVCqGH67D-rfbD75E-VvGIhMq4JHoR-R4EDzRxOmd75pxq8vMBmIPkU
• the bill text: https://www.congress.gov/bill/115th-congress/house-bill/7173/text
• PAY-GO (this is why the dividend is taxable): https://citizensclimatelobby.org/laser-talks/25-percent-pay-go/
• https://citizensclimatelobby.org/dividend-delivery-study/
• Green New Deal goals: https://www.vox.com/energy-and-environment/2018/11/14/18094452/alexandria-ocasio-cortez-nancy-pelosi-protest-climate-change-2020