Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Fee and Dividend

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Fee and Dividend

Article excerpt

Concerned about climate change? Concerned that government regulation is heavy-handed? Concerned that voluntarism penalizes only the conscientious and puts us on a guilt trip?

"Fee and dividend" looks like it could be a big part of the answer. I learned about this proposal only recently, and my contacts with other climate activists indicate that even many of them have not heard of it.

Very briefly, a fee for each ton of carbon equivalent would be paid by oil, gas and coal producers. This fee is not a tax because the collected amount would be returned to us the people as a dividend. Collection would be easy and cheap to administer as there are relatively few producers. The dividend would be easily sent to individuals, much as Social Security or other disbursements are. …

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