Former US Rep Ryan Costello on Carbon Dividend Policy

Thursday, February 6, 2020
4:15 PM - 6:00 PM (ET)
STO STO 131 Stokes Auditorium
Event Type
Mudd, Shannon B
Economics Faculty

 What are the possible policy responses to Climate Change? A successful response will require a large set of policies both to reduce climate change itself (mitigation) and to respond to its disruptions and impacts across individuals, communities, firms, our economy, etc.(adaptation). And, marginalized communities are likely to be the least protected. 

One response that is gaining traction is Carbon Dividend Policy. It would tax carbon emissions and pay back the collections with checks sent to each household on a regular basis (as Alaskan residents receive checks from the oil industry). This would create a strong stakeholder group for its implementation, continuation, and even increasing "tax" rate as emissions fall over time and the checks get smaller. And checks will be the same size no matter what income the household (will actually go against income inequality!). The proposal is being supported by a who's who of economists in academics, policy and even former Fed Chairs. 

Former Representative Ryan Costello (R PA) is currently managing director of American for Carbon Dividends, a bi-partisan group advocating for implementation of this policy. Come hear him talk about Carbon Dividend Policy goals, challenges and what it will take to get it implemented.

And find out how you can get involved!

Jointly sponsored by the Department of Economics and the Committee For Environmental Responsibility 

Reception to follow. 

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