Princeton Student Climate Initiative crafts carbon policy with NJ state assemblyman

The Daily Princetonian ^ | April 1, 2018 | By Katie Tam

[Oldeconomybuyer]

Members of the Princeton Student Climate Initiative have drafted a New Jersey Carbon Fee and Dividend Policy, a 94-page white paper outlining a fee-based strategy for reducing carbon emissions and air pollution while minimizing environmental impact.

“What a carbon fee and dividend does is it places a fee on fossil fuels based on their carbon content,” said Jonathan Lu ’18, the founder and research director of PSCI. The carbon fee provides an incentive for companies and individuals to reduce emissions.

Another key aspect of the policy is that tax revenue will be recycled back to low- to moderate-income households and vulnerable businesses in the form of rebates.

“You’re achieving two things with this. The first is that you make the price of fossil fuels relatively more expensive,” Lu said. “The second thing that it does is it returns the majority of the money back to individual households.”

Some of the profits will also be reserved for clean energy initiatives. According to Lu, raising the price on carbon also makes it cheaper to switch to renewable energy.

[I want the USA back]

Why have they demonized carbon? Carbon is an essential element that enters into complex compounds that are necessary for life. Taxing carbon means taxing life. Or is that what they want?

[editor-surveyor]

.
It is definitely life itself that Satan is attacking.

Always has been.

[editor-surveyor]

.
>> “Just another bird brained Marxist scheme to take money from the producers and buy votes of the parasites with it.” <<

Precisely!

That has always been the plan.
.

[antidemoncrat]

I hope those students freeze their a$$es off during that global warming snow storm that hit the northeast on April 2.

[Renkluaf]

This kid’s a f’ing idiot.

[setha]

The kid’s not there for being intelligent. He’s there to be the “designated victim” to deflect attack.