Carbon Pricing – Why and Are We Ready?

State Representative Mathew Muratore, Republican, 1st District Plymouth, wrote in a mid-August op-ed letter, “…only 20 percent of the state’s total emissions come from electricitySpecifically we need to reduce emissions in transportation and our heating sectors, which collectively account for 69 percent of the state’s carbon emissions.”  It is unlikely that we will all be driving EVs tomorrow, so other solutions to significantly reducing car and heating emissions are needed.  

Carbon pricing programs are basically fees on use of gasoline and heating fuels, applied to both residents and commercial users – so using market forces to adapt our behavior.  Depending on the program structure, these receipts are typically redistributed, in varying amounts depending on the proposed program, back to the population through tax credits or other methods or to the funding of green investments.  Carbon pricing is considered by many leading economists to be the most effective method for reducing vehicle and heating emissions. It catches our attention.  

Does carbon pricing exist anywhere in the country?  No, it does not, but carbon pricing proposals are cropping up in many places – take a look:

Seven federal law proposals – click here to read Its Raining Carbon Pricing Bills

Several proposed Massachusetts laws:

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