Cap and Trade
Cap and Trade is a complicated scheme that contains a myriad of loopholes. It is clear to those that have examined the Cap and Trade scheme, that it will not provide meaningful greenhouse gas reductions that will prevent severe economic stress in the near and coming future.
Fee & Dividend
Fee & Dividend is a simple mechanism that is designed in such a way as to provide a means for greenhouse gas emissions to be reduced in a progressive manner and return dividends to the people. This actually indicates two distinct advantages.
- The progressive price increase on the fee provides incentive to move into renewable and sustainable energy technologies.
- The return of the dividend acts as an economic stimulus for the people.
Returning the dividend to the people means everyone benefits from the program. We are all paying for the costs of the program and we all benefit form the dividend. In the mean time, energy companies have incentive to make progress on reducing future costs for everyone.
It truly is a win/win scenario when the short and long term benefits are weighed.