By capping carbon emissions, selling permits, and returning the resulting revenue to everyone equally, this "Cap and Dividend" approach achieves the greenhouse gas reductions climate scientists tell us we need to prevent the dangerous consequences of climate change while boosting the purchasing power of American consumers.
Recently, the EPA unveiled a proposal to reduce carbon emissions aggressively. It also avoids a potentially clumsy federal "one-size-fits-all" approach, by requiring and empowering each state to craft its own pollution reduction strategy. When each state is a laboratory, we are most likely to find the best practices.
For businesses, not taking action to cut carbon pollution and address climate change is a business risk that can have serious results. According to "Risky Business," the groundbreaking new report by E2 co-chairs Michael Bloomberg, Henry Paulson, and Tom Steyer, sea-level rise and coastal storms could sap $35 billion out of our economy every year.