Solving the Climate Crisis: Carbon Pricing 101 Policy and Legislation Dr. Linda Dismore (Diz) Swift ©

Policy and Legislative Actions Global Multi-national National Regional State and MegaCity ©

National – State – Regional - MegaCity Figure from World Bank report, 2014 Update 2015 ©

% 10% 8% 6% 4% 2% 0% Carbon Pricing Schemes Figure from World Bank Advance Brief for 2015 Carbon Pricing Schemes Share of Global Carbon Emissions Covered Includes 38 carbon pricing schemes across the globe at national, regional, and mega-city scale. The largest current contributor is the EU’s ETS. Does not include China’s 2017 cap and trade – which will account for an additional 21% of global emissions

U.S. Congress Bill History © Congress year 1 st IPCC Assessment 4 th IPCC Assessment 5 th IPCC Assessment Number of Bills Proposed Carbon Tax/Fee Cap and Trade

U.S. Congress Bill History © Congress year Number of Bills Proposed Carbon Tax/Fee Cap and Trade Bi-partisan Attempt Senate: Lieberman [D-CT] McCain [R-AZ] Four bills (cap and trade) House : Gilchrist [R-MD-1] Three bills (cap and trade) Senate: Lieberman [D-CT] McCain [R-AZ] Four bills (cap and trade) House : Gilchrist [R-MD-1] Three bills (cap and trade)

U.S. Congress Bill History © Congress year Number of Bills Proposed Carbon Tax/Fee Cap and Trade Eleven bills + nine related H.R Waxman [D-CA-30), Markey [D-MA-7] Cap and Trade Passed House Significant compromises Eleven bills + nine related H.R Waxman [D-CA-30), Markey [D-MA-7] Cap and Trade Passed House Significant compromises 111 th Congress

U.S. Congress Bill History © Congress year Number of Bills Proposed Carbon Tax/Fee Cap and Trade Carbon Tax Dominates

U.S. Congress Bill History © Congress year Number of Bills Proposed Carbon Tax/Fee Cap and Trade Opposition – mostly “riders”

114 th Congress – Slender Hope Not much difference Carbon Tax Rep. Huffman, Jared [D-CA-2] Rep. Delaney, John K. [D-MD-6]Aid in transition, reduce corp. income tax Sen. Whitehouse, Sheldon [D-RI]Reduce corp. income tax, tax credits to workers, etc. Rep. McDermott, Jim [D-WA-7]Dividends to taxpayers Cap and Trade Rep. Van Hollen, Chris [D-MD-8]Dividends in equal amounts to residents with SSN

© The Best Chance is at State Level Figure from World Bank report, 2014 Updated 2015 ALBERTA MANITOBA ONTARIO QUEBEC RGGI BRITISH COLUMBIA WASHINGTON OREGON CALIFORNIA MEXICO

© The Best Chance is at State Level Regional Greenhouse Gas Initiative (RGGI) Cap and trade Nine NE US states Regional Greenhouse Gas Initiative (RGGI) Cap and trade Nine NE US states

© The Best Chance is at State Level Cap and Trade Combined trading Cap and Trade Combined trading

© The Best Chance is at State Level British Columbia Carbon tax ($28 US) Revenue neutral Emissions reduced British Columbia Carbon tax ($28 US) Revenue neutral Emissions reduced

© The Best Chance is at State Level States Considering Washington Oregon New York Rhode Island Massachusetts Vermont States Considering Washington Oregon New York Rhode Island Massachusetts Vermont RGGI

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