The Cantwell-Collins CLEAR Act would cut emissions, create jobs and put money in consumers’ pockets. The CLEAR Act would establish a monthly auction in which fuel producers would bid for “carbon shares.”
75% of the revenue resulting from these auctions would be distributed as a dividend to every legal resident in the United States as a way to offset the increased costs of carbon-based fuel likely to be passed onto consumers by fuel producers.
The remaining 25% of the resulting revenue would be used to directly invest in research and development of clean energy resources, energy efficiency programs, reductions in non-CO2 greenhouse gases and to address regional disparities in the transition to a clean energy economy.
This legislation would reduce greenhouse gas emissions by 20 percent by 2020 and 83 percent by 2050.
Every U.S. citizen would receive a monthly check from the government. A household family of four would receive a rebate from the government totaling an average of $1,100 per year, or $21,000 between 2012 and 2030.
The CLEAR Act represents a transparent approach to dealing with the climate challenges that face our nation.