An energy security dividend? $1100 a year?

The Carbon Limits and Energy for America's Renewal (CLEAR) Act gradually limits the amount of fossil fuels entering the U.S. economy by requiring fossil fuel producers and importers to bid at an auction for permits. Out of the money raised at the auction, three-fourths goes directly back to every American, and one-fourth goes toward clean energy investment. Eventually, as the amount of carbon allowed into the market declines over time, we will reduce U.S. greenhouse gas emissions by 20 percent by 2020, and by over 80 percent before 2050.

You are rightfully concerned about rising energy bills during America's transition to a clean energy economy. That's why the CLEAR Act is rooted in protecting consumers, with most of the monthly carbon auctions going straight to your pockets. This monthly dividend, made out to each American on an equal per capita basis, is meant to compensate for any higher energy rates experienced. I released a report today that shows how, with the assistance of these energy security dividends, all but the wealthiest ten percent of Washingtonians (who use the most energy) do not lose money but instead come out ahead. My report shows how a typical family of four would receive tax-free monthly checks from the government averaging $1,100 per year, or up to $21,000 between 2012 and 2030.

The remaining quarter of auction revenue would go toward clean energy research and development, assistance to communities and workers transitioning to a clean energy economy, energy efficiency programs, and reductions in non-CO2 greenhouse gases.

The CLEAR Act invests in America's future by positioning the United States as a global leader in clean energy expansion, creating jobs and recharging our economy at home. With the right policies, tens of millions of green jobs can be created by 2030, strengthening our economy by shipping these technologies to customers around the world.

On my web site, you can find additional information about the CLEAR Act, including the legislative text, a one-page summary and frequently asked questions. The longer we wait to tackle these issues of energy independence and emissions reductions, the larger the economic and social costs of adapting to climate change will grow. The time to act is now.



Best,Maria