Putting a price on carbon is one of the most straightforward and cost-effective ways to fight climate change.
By making fossil fuel polluters pay for the real and damaging costs of their emissions, we can unleash the clean energy solutions we need, and make D.C. families better off in the process. With a carbon fee-and-rebate policy called the Climate and Community Reinvestment Act of D.C., companies that buy and sell fossil fuels in the District would pay a steadily-rising fee on each ton of heat-trapping pollution they cause.
The majority of the money raised would be returned—through a quarterly “rebate”—to every D.C. resident, with additional support to low-income District residents. Strategic investments would also be made to accelerate D.C.’s transition to a clean energy economy in a way that is just and equitable. Read the details about the Climate and Community Reinvestment Act here.
The Climate Community and Reinvestment Act would put more money into the pockets of D.C. families, ensuring that low-income and middle class residents are better off in the transition to clean energy. It would also mean less pollution wrecking our lungs and our atmosphere, more investment into energy efficiency solutions, and a faster transition to clean, renewable energy sources.
It’s time for D.C. to lead—not only in cutting fossil fuel pollution, but in creating a more just and sustainable economy for all.
GET THE FACTS
$500 annual rebate for the average family in the first year
$3,300 annual rebate for low-income families by 2032
75 percent of DC residents would see their net incomes increase
23 percent city-wide carbon pollution reduced by 2032