Sometimes the simplest solution is the best solution.
For example, just last week as reported in many regional news outlets, the California State Legislature passed into law Assembly Joint Resolution 43, calling for Congress to implement a carbon tax in the form of a “progressive fee and dividend,” which would go a long way toward solving the threat of accelerating climate change.
The “fee” would be levied at the lowest point in the fossil fuel supply chain — wellhead, mine or port of entry. The “dividend” would be distributed equally to all households in the USA.
Highly respected Regional Economic Models Inc. estimates that within 10 years, carbon dioxide emissions would be reduced by 33 percent, national employment would be increased by 2.1 million jobs and the average monthly dividend for a family of four would be $288.
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This simple transparent revenue neutral solution to climate change would not grow big government, and is favorably viewed by the fossil fuel industry because it is market-based, minimally disruptive to the economy and sends a clear predictable price signal to business.
The Pennsylvania legislature should follow California’s lead in calling for this simple, easily manageable and relatively painless national solution to accelerating climate change.
William C. Thwing, Bennington, Vt.