LTE Under Consideration: It is Time for Carbon Pricing

Biden’s ambitious efforts have been welcomed by the climate scientists and environmentalists but criticized by the fossil fuel industry. Trends are changing. An official with the U. S. Chamber of Commerce which represents many major American corporations said it “supports a market-based approach to accelerate greenhouse gas emissions reductions across the U. S. economy.” This is a shift in policy. American Petroleum Institute is willing to review market-based carbon pricing options as reported by Wall Street Journal.

Energy Innovation and Carbon Dividend act is a policy endorsed by leaders of both parties. It would create jobs, reduce emissions while helping low income households. There are other which would create job training programs, promote clean energy sources, carbon capture and energy storage technologies.

We want a thoughtful mix of policies that will reduce harmful emissions while addressing fossil fuel industry’s job losses, environmental justice and health issues to meet climate goals.

Kalpana Sutaria

Submitted to the Austin American-Statesman

March 11, 2021

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