Among the rights of every citizen of the world are the rights to breathe clean air, drink clean water and live free of endless climate catastrophe.
The preservation of these rights and of civilization itself is the task of the November 2021 United Nations Climate Change Conference in Glasgow, Scotland. Here is an important start to define the position of the United States.
The U.S. Senate Finance Committee is considering carbon pricing as part of a reconciliation bill. The news leaked recently said members are considering, a “per-ton tax on the carbon dioxide content of leading fossil fuels (e.g., coal, oil, natural gas) upon extraction, starting at $15 per ton and escalating over time … paired with rebates or other direct relief for low-income taxpayers, as well as a border adjustment to ensure foreign companies also pay the tax.”
House Bill 2307, the Energy Innovation and Carbon Dividend Act, contains a similar plan, and it has 80 co-sponsors in the U.S. House.
The U.S. stands almost alone among developed nations in failing to put a price on carbon, which will be necessary if we intend to compete in a world with more and more countries imposing carbon border adjustments.
Without our own national carbon price, we cannot meet the World Trade Organization’s requirement for fair trade between nations while acting to fight climate change.