2.1.2 Proposed Carbon Pricing Schemes (US)

LPDD Recommendation: “Congress should consider adopting a carbon tax that begins at $25 per metric ton, increases over time based on rising damage from climate change, and the revenues from which are spent for some combination of economic efficiency, income redistribution, and climate policy purposes.”

Proposed Bipartisan Climate Roadmap

Proposed Roadmap supported by prominent corporations and NGOs calls for a rising carbon fee, carbon dividends for all Americans, deregulation in certain cases, and a border carbon adjustment. 

Transportation and Climate Initiative

A regional collaboration of 12 Northeast and Mid-Atlantic states and the District of Columbia that seeks to improve transportation, develop the clean energy economy and reduce carbon emissions from the transportation sector.

RFF Carbon Pricing Bill Tracker

Compares all of the carbon pricing bills introduced in the 116th Congress to see where there is and is not agreement on the array of policy options for implementing a price on carbon dioxide emissions.

Massachusetts’ proposed H2810

Massachusetts’ proposed H2810 puts a price on carbon pollution and invests 30% of all revenue ($400–600 million per year) in local clean transportation, resiliency, and renewable energy projects.

Virginia proposed RGGI regulation

A proposed ‘Regulation for Emissions Trading’ was approved by the Virginia State Air Pollution Control Board. The regulation proposed a a system that would be in line with many of RGGI’s major design features, with the aim to link with RGGI by 2020.

Washington’s defeated Initiative 1631

Would have enacted a carbon emissions fee of $15 per metric ton of carbon beginning on January 1, 2020, and increased the fee by $2 annually until the state's greenhouse gas reduction goals were met.

Oregon’s defeated cap and trade bill

Oregon’s House Bill 2020 proposed a statewide cap-and-trade program starting in 2021, with a declining allowance budget leading to a 45% reduction in GHG emissions below 1990 levels by 2035.