Last week I wrote about a new fee and dividend climate policy put forward by a group of conservative policy makers (which you can download here or read about here and here). It’s a fee starting at $40 per ton of carbon dioxide that increases over time. All revenue would be returned on a per-capita basis to the American people with checks coming every three months.
The approach would provide serious climate protection, as much or more than anything anyone has tried so far. Yet past policy debates (like the Washington State initiative I wrote about here) suggest there will be criticisms of the approach that have at most a thin basis in reality. These criticisms will be important to avoid (or refute) if this new approach is to receive a fair look. So my next few posts will look at some of the most common misunderstandings likely to arise with this new approach. (more…)