The Carbon Chronicle, 1 March, 2017.
Earlier this month, a group of prominent Republicans – elder statesmen and not current legislators or government heads – unveiled a carbon pricing plan to deal with rising greenhouse gas emissions and climate change that they say regulators could use in place of the Clean Power Plan. The proposal isn’t advocating for cap-and-trade, but a carbon tax on emissions associated with fossil fuels. Proceeds from the tax would flow out to US citizens in the form of a tax rebate. Putting a price on carbon could be becoming a bipartisan issues as a majority of economists say carbon pricing is the most efficient and flexible way to deal with climate change.