This submittal of November 22 2019 (in response to a Request for Information from the United States House Select Committee on the Climate Crisis) makes the following recommendations with regard to carbon pricing and international climate justice:
· An upstream system: fossil fuel supply needs to be limited at the point of import or production in order to ensure that it will truly be phased out over time
· A fee-based permit system is needed, rather than a ‘classic’ tax
· Carbon fee revenues should be returned to households as a “climate dividend”
· The United States should consider forming a climate justice partnership with a Global South country or bloc of countries in order to distribute carbon fee revenues and eliminate emissions together
· The temporary nature of carbon revenues needs to be taken into account
· The key role played by energy in the economy needs to be taken into account, and economic planning needs to recognise the possibility – indeed, likelihood – of future aggregate economic contraction as a result of hitting biosphere limits
Note: the submittal is adapted from a June 1019 Feasta climate group submission to the Irish Department of Finance on options for carbon tax allocation.
Note: Feasta is a forum for exchanging ideas. By posting on its site Feasta agrees that the ideas expressed by authors are worthy of consideration. However, there is no one ‘Feasta line’. The views of the article do not necessarily represent the views of all Feasta members.