One objection to President Obama's plan to reduce emissions of greenhouse gases from power plants is that the price of energy will rise for those least able to pay.
A nationwide group called Citizens' Climate Lobby has been proposing a "fee and dividend" plan. It would impose a gradually escalating fee on fossil fuel production at their sources, then return the money as a "dividend" equally to all U.S. households. Although energy costs would rise somewhat, most households--and especially low income households--would receive enough from the dividends to more than offset their higher energy costs.
CCL's analysis shows a more rapid reduction in greenhouse gas emissions and a better economic outcome than other proposals to combat climate change. Worth a look.
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