Carbon Pricing in Rhode Island

Proposal in Rhode Island legislature February 1, 2016.

from the Providence Journal

The “Clean Energy Investment and Carbon Pricing Act” would charge a “carbon fee” or “carbon tax” of $15 per metric ton of carbon dioxide on fossil fuels at the point of sale. That would generate about $140 million per year, and 70 percent of that money would be go to local employers and residents as “direct dividends” while 25 percent would go into energy efficiency, “climate resilience” and renewable energy projects.

refundable carbon tax

 

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