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August 8, 2013 – 5:07 pm | No Comment

-Include high octane/high ethanol Regular Grade fuel in EPA Tier 3 regulations.
-Use a dedicated, self-reducing non-renewable carbon user fee to fund renewable energy R&D.
-Start an Apollo-type program to bring New Ideas to sustainable biofuel and …

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Why Hasn’t the US Put a Price on Carbon Yet?

Submitted by on August 7, 2018 – 4:42 pmNo Comment

by Hugh C. Welsh (Real Clear Energy)  It’s time to rethink how our country approaches carbon dioxide (CO2) emissions from the use of fossil fuels. Right now, we know that the release of CO2 damages the environment but emitters bear none of the cost. American tax payers, meanwhile, are subsidizing these environmentally harmful practices by paying taxes on fossil fuels and accompanying infrastructure and then confronting the challenges brought about by the climate change caused by CO2.

Does that sound fair ?

The most practical way to significantly reduce emissions is to finally put a price on carbon.

This would make companies pay for the amount of fossil fuels they consume and the emissions they create. The revenues generated through could be repurposed — lowering other types of taxes, funding highway and airport improvements, keeping utility bills lower for Americans, and making the country more resilient to the effects of climate change.

Finally, after years of leadership by folks like Sen. Sheldon Whitehouse (D-RI), we are encouraged to see growing bipartisan support for such climate change efforts. Rep. Carlos Curbelo’s (R-FL) recently introduced MARKET CHOICE Act is one good example of a practical carbon price policy.

At the very least, we hope that Curbelo’s bill will serve as a catalyst to a national conversation on how to de-carbonize our economy, spur investment, create jobs, and help mitigate climate change. We could become a model for other nations to follow.

That’s why we at DSM North America were proud to join with over 30 other companies — including BP America, Campbell Soup Company, General Motors, Lyft, Inc., IKEA North America Services, LLC, and PG&E Corporation — in publicly thanking Rep. Curbelo for introducing the MARKET CHOICE Act. READ MORE

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