1. Climate Dividends
Ida Kubiszewski

2. The Cap Upstream cap: limits how much fossil fuels enter the economy
Reduced each year… 80% over 40 years
Fuel companies bid for permits in competitive auctions

3. Dividends Equally amount distributed to all Americans
MIT study: raise $100 – 500 billion/yr
Returns: $1,200 – 6,000 / year to family of 4

4. Side effects Spur private investment in clean energy
Encourages conservation
Create jobs
Reduction in CO2
Taxed as regular income
$100 billion in dividends = $20 billion in federal tax revenue
Poor won’t pay tax, rich will pay 30%, middle class somewhere in between

5. Questions
Right now it’s only US, how to get it out to the rest of the world?
How to ensure that higher price of permits equals out growing energy prices?