Cap and Dividend

  • The CLEAR act was designed to avoid a carbon trading platform susceptible to market manipulation and price volatility. (Photo courtesy of FutureAtlas CC-2.0)

A new study looks at how big of a check you might get under a bi-partisan climate change bill. The CLEAR Act (Carbon Limits and Energy for America’s Renewal) is better known around Washington as the cap-and-dividend plan. Lester Graham reports:

Transcript

A new study looks at how big of a check you might get under a bi-partisan climate change bill. The CLEAR Act (Carbon Limits and Energy for America’s Renewal) is better known around Washington as the cap-and-dividend plan. Lester Graham reports…

This plan would tax fossil fuels at the source, whether a tanker or foreign oil coming into port or coal coming out of a mine. 25-percent of that money would be used to invest in cleaner alternative energies. The other 75-percent… would be paid at a flat rate to each person in the nation in a monthly check to offset higher energy prices.

James Boyce at the University of Massachusetts-Amherst is one of the authors of the new report. He says for most people that monthly check will more than cover the higher costs of fossil fuels.

“So for the typical family, they’ll be paying more in higher prices on the one hand and they’ll be getting back a dividend check on the other hand.”

Boyce says since people in the highest income brackets tend to use a lot more energy, they’ll actually come up a little short on the deal.

This cap-and-dividend plan also has fewer loopholes to be exploited by special interests.

For The Environment Report, I’m Lester Graham.

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Report: Big Mercury Reductions Are Affordable

  • The National Wildlife Federation says that "for the price of one cup of coffee per household per month," mercury emissions from coal-fired power plants could be dramatically reduced. (photo by Kenn Kiser)

According to a report by the National Wildlife Federation, steep reductions in mercury emissions from coal-fired power plants in the Great Lakes region can be achieved without sharp increases on household utility bills. The Great Lakes Radio Consortium’s Sarah Hulett has more:

Transcript

According to a report by the National Wildlife Federation, steep reductions in mercury
emissions from coal-fired power plants in the Midwest/Great Lakes region can be achieved
without sharp increases on household utility bills. The Great Lakes Radio Consortium’s
Sarah Hulett has more:


The report looked at coal-fired plants in Illinois, Michigan, Ohio, and Pennsylvania.
It says 90 percent of mercury could be stripped from power plant emissions using available
technology, at a minimal cost. Zoe Lipman is with the National Wildlife Federation. She says
the benefits to public health would be quickly realized.


“When you cut mercury emissions, you see reductions in mercury in water and fish in a matter
of years, not decades.”


The National Wildlife Federation report looked at the cost of outfitting power plants with
a technology that uses carbon powder to capture mercury, and catch it in a fabric filter.
Utility companies say there’s no proven technology that strips mercury completely. They say
the technologies they’ve reviewed are more costly than what’s laid out in the report.


For the Great Lakes Radio Consortium, I’m Sarah Hulett.

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