Citizen climate change lobby proposes cost savings

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.

This story was originally published August 26, 2015 at 3:55 PM with the headline "Citizen climate change lobby proposes cost savings."