by Jim Lane (Biofuels Digest)  You’ve heard of BioPreferred and Renewable Fuel Standard, but what about the Energy Innovation and Carbon Dividend Act? Find out all about EICDA in this slide guide from Business Climate Leaders that was shared at a recent DigestConnect webinar.

From how EICDA works like carbon fees and carbon dividends, to its benefits and outcomes, the biofuel elements, carbon sequestration, and more makes this slide guide one you won’t want to miss. READ MORE

DigestConnect #14 is here – Energy Innovation and Carbon Dividends. Today we looked at the Energy Innovation and Carbon Dividend Act, HR763 and were joined by Congressman Ted Deutch, Harold Hedelman, Rick Knight, Joel Stone, Tammy Klein, Graham Noyes, and Gil Jenkins. 

TAKE A LOOK! Taxing carbon emissions (Politico’s Morning Energy)

ExxonMobil gives $1 million to promote a carbon tax-and-dividend plan (Washington Post)

CARBON COUNTING: (Politico’s Morning Energy)

Economic Impacts of the Climate Leadership Council’s Carbon Dividends Plan Compared to Regulations Achieving Equivalent Emissions Reductions Volume I: Analysis Insights for Policymakers (NERA Economic Consulting)

Excerpt from Politico’s Morning Energy:  TAKE A LOOK! Taxing carbon emissions and returning the revenues to households as a dividend would curb U.S. carbon dioxide emissions 57 percent below 2005 levels by 2035, drive $1.4 trillion of investment into new technologies and create 1.6 million jobs, according to an analysis commissioned by the Climate Leadership Council. The CLC plan analyzed CO2 emissions at $40 per ton beginning in 2021 and rising after that. The effort is backed by GOP luminaries such as former secretaries of State George Shultz and James Baker, as well as a handful of major banks, and oil, gas and power companies.  READ MORE

Excerpt from Politico’s Morning Energy: CARBON COUNTING:A carbon dividends approach to cutting CO2 emissions would achieve the same reductions as a regulatory approach, but would be more cost-effective, according to a new study from NERA Economic Consulting. The report was prepared for the Climate Leadership Council, which advocates putting a price on carbon emissions and returning the revenues to households as a dividend. It compared the economic impacts of two approaches for attaining an equivalent amount of economy-wide CO2 emissions reduction in the U.S. from 2021 through 2036: A uniform carbon fee based on the legislative proposal by the CLC and a set of regulatory policies that promote carbon-reducing actions without a unifying price signal.

In both approaches, emissions would be cut in half by 2036, but under a carbon dividends approach it would also result in an additional $190 billion per year in GDP, on average, according to the report. The gap in economic costs is projected to widen over time as both policies achieve deeper emissions cuts. By 2036, annual GDP would be $420 billion higher under the carbon dividends approach and result in about $1,260 more annual consumption per household.  READ MORE