Climate change is the challenge of our time. Scientists agree that carbon emissions are a major cause of rising temperatures, severe weather, and drought. The Pentagon considers climate change’s impact to be a “threat multiplier.” Leaders of major financial institutions and leading companies recognize it is time for action. Many are taking steps to reduce or eliminate carbon in their operations. We can either rise to the challenge by acting now or accept that inaction will only lead to further decline of our quality of life, our prosperity, our national security, and our children’s future.
Economists agree that the most effective, efficient way to address this challenge is to put a price on carbon. Half the proceeds could be returned to low- and middle- income consumers. This legislative package would make U.S. companies more competitive, create jobs, and stimulate economic growth. Just as businessmen and investors build risk-pricing into their decision-making, we must price the risk of climate change.
At the Partnership for Responsible Growth, we work with federal leadership on the hill and beyond to promote the message that a carbon fee is the the most effective policy tool currently available in order to raise revenue and mitigate climate risk. Carbon pricing is market-based and predictable, which is good for business, and it has the potential to be the next great bipartisan agreement, which is why we connect with members and their constituents about the issue.