First Name | Jerry |
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Last Name | Hinkle |
Email Address | jerryhinkle@sbcglobal.net |
Affiliation | citizens climate lobby, sierra club, EDF |
Subject | AB32 - Please consider a Fee and 100% Dividend approach |
Comment | The approach to reducing emissions exhibiting the greatest 1) simplicity, 2) efficiency (least cost) and 3) likliehood of being adopted by other states is the Fee and Dividend approach so successfully utilized in British Columbia (see recent Economist article attesting to its effectiveness and popularity at http://www.economist.com/node/18989175 ). In this approach, advocated by the Citizens Climate Lobby, a fee for carbon emissions gradually increases over time to a level deemed likely to achieve the desired emission reductions. As such, emission price certainty is assured, allowing for smoother business and investment planning and therefore greater job creation. ALL (100% - revenue nuetral) of the fees are returned via check to households so that there is a clear reward for the program to go along with the market incentive to reduce. Also, there is minimal administrative costs to the program and no permit market to regulate. Thank You for Listening! However, the greatest reason to embrace this approach is its appeal to other states and the country as a whole. It is of little use if only California reduces emissions - we need an approach that is simple, effective, and 100% revenue nuetral, and so attractive for others to adopt. If the Fee and Dividend approach works in BC, then works in California, we will have started something big, and that is our true objective. |
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Date and Time Comment Was Submitted | 2011-07-30 06:31:42 |
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