| Comment | California would benefit from a carbon fee and dividend, with 100%
of the money going back to the state of CA. Equally returned to
Californians, 66% of Californians would end up breaking even or end
up ahead, taking pressure off of the California welfare system.
(on the nation as a whole) As the state is in debt, this would
reduce government expenditures, decreasing the debt. A fee and
dividend is straightforward and transparent, contrasting the cap
and trade system considerably.
The cap and trade system, which is volatile, is similar to the
stock markets with its ups and downs. It is considerably less
stable, increasing complication, and leaving room for companies to
buy carbon credits, which keep emissions high.
A cap and trade system could take up to 4 years to implement.
These are four years that California can use to reduce emissions,
and take pressure off of the environment. A carbon fee and dividend
can be implemented immediately, by being placed in the tax code.
The province of British Columbia, in Canada, enacted a carbon fee
and dividend, and it has been very successful. By initiating a
carbon fee and dividend, California would become a leader in
reducing emissions very quickly.
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