Energy Innovation and Carbon Dividend Act of 2021!!!

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The Energy Innovation and Carbon Dividend Act was re-introduced into the 117th Congress on April 1, 2021, as H.R. 2307 by Rep. Ted Deutch (FL-22). Along with him, there were 28 other original cosponsors. Since then and as of 4/19/21, an additional 12 representatives have signed on. Wow, 41 cosponsors of 1 bill in less than a month. Unfortunately, there are no Republicans on the bill yet, but we can hope.

 

The bill is similar to H.R.763 in the 116th Congress but slimmed down. Gone is the fee put on F-gasses, as that’s taken care of in separate action in part of the last COVID-19 relief bill. I think they made the necessary correction to the earlier legislation on F-gasses that goes back to when freon was regulated and eventually replaced. That previous bill was left open-ended to correct for problems down the road. Also gone for some reason is the pause on EPA regulations. I’ve heard a couple of possible reasons for this, but I won’t continue the speculation here.

 

On the links page, you can find a link to the updated website for the bill.

 

Earlier in the 117th Congress, a bill was introduced into the Senate called America’s Clean Future Fund Act that would impose a delayed onset Fee on Carbon. And it does provide for payback, but only 75% of the fees collected and to low- and middle-income individuals through quarterly rebates.

 

When I get a little more time, I will post a list of the bills now in Congress and what they do. 

 

And when I get even more time, I’ll also do a post for some state actions. In my state, Arkansas, two acts have just been introduced. One will form a task force to advise the General Assembly on clean energy job creation and steps forward in achieving lower carbon emissions. Another bill will require reporting by utilities of their carbon emissions on an annual basis. If you are reading this from another state, I would appreciate any information you could give me on what your state is doing.

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