President Joe Biden set the ambitious goal of reducing U.S. carbon emissions to 50% by 2030, and net zero by 2050. This is in line with the necessary global emission reductions needed to keep warming to 1.5 degrees Celsius as needed for a relatively safe future, according to the UN’s Intergovernmental Panel on Climate Change. A multitude of climate policies under consideration in Congress this fall, but what will have the huge impact that is needed to meet these critical targets?

The U.S. is one of only two developed economies in the world that is not yet pricing carbon. This is not without good reason, for economists have reached consensus that carbon pricing is the most efficient and effective way to reduce carbon pollution. To make this policy equitable at home and impactful on a global scale, nearly all leading U.S. economists recommend using a Carbon Fee and Dividend with Border Carbon Adjustments.

This policy alone will reduce U.S. greenhouse gas emissions by 90% by 2050, doing most of the work to put us on a path to net-zero by 2050 when combined with complementary policies. The border carbon adjustment will incentivize our trading partners to adopt similar policies, driving down emissions worldwide. Numerous co-benefits will be seen at home, such as more money in people’s pockets, especially in low income and marginalized communities, access to affordable clean energy, and hundreds of thousands of lives saved from reduced air pollution.

Please ask your Congressmen to support this measure at cclusa.org/write.

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