That’s why CAP, along with private businesses and a bipartisan majority of the House of Representatives, supported the bill. House of Representatives in 2009 would have benefited low-income people, reduced the deficit, protected vulnerable industries, reduced pollution, and stimulated investment. Analysis showed that the cap-and-trade bill passed in the U.S. These permits are freely traded so that companies can reduce their pollution profit by selling permits to other companies that may need more pollution allowances. In such a system, a strict cap is set on national pollution, and polluters must have permits for all of their pollution. A cap-and-trade system is one such method, and it’s certainly possible to design a progressive cap-and-trade system. The existing regional programs that charge a fee for pollution could be strengthened and broadened to cover more of the country, or Congress could get involved and put a nationwide price on carbon by creating a carbon tax.īefore diving into specifics on a national carbon tax, it’s important to recognize that there are countless ways to put a price on carbon. We could take President Obama’s action on new power plants to the next level and use the Clean Air Act to reduce pollution from existing power plants and other major sources of emissions. There are several ways that the United States could make a significant contribution to the global fight against climate change. Avoiding the most catastrophic consequences of global warming will require much broader action. These are powerful steps in the right direction, but they alone cannot solve the challenge of climate change. California and some Northeastern states-Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont-have regional programs that put a price on carbon dioxide and other greenhouse gas pollutants in the hope of reducing their usage. President Barack Obama is using provisions of the Clean Air Act to reduce pollution from new power plants. Progressive leaders across the country are beginning to take action and look for ways to fight climate change. Depending on which actions we choose to take, this year will either be the new normal or it will be a glimpse into a future where conditions are much, much worse. Unfortunately, unless we start taking action now to curb the greenhouse gas pollution that’s causing this extreme weather, things are only going to get worse. The United States has certainly seen the dramatic weather-related effects of climate change in 2012, and every American has in some way been negatively impacted.
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Endnotes are available in the PDF version of this issue brief.
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