If there’s a silver lining to the U.S. decision to withdraw from the Paris climate agreement, it’s the renewed commitment to climate action we’re seeing across the country. More than 1,200 universities, colleges, investors, businesses, mayors and governors recently sent a letter to the United Nations underscoring their pledge to help the U.S. make good on its promise for climate action.
Among these voices are members of the Climate Leadership Council (CLC), a new coalition calling for a consensus climate solution that bridges partisan divides, strengthens our economy and protects our shared environment. The coalition includes 11 of the largest companies in the world as well as former Secretaries of State, Treasury and Energy.
What kind of climate plan could garner such broad support?
First, the proposal draws on free-market principles that Republicans, businesses and others have long endorsed. Specifically, it calls for a gradually rising price on carbon emissions. Starting at $40 per ton, the plan would do more to reduce emissions from the electric power sector than the clean power regulation published by EPA in 2015.
Second, the plan includes carbon dividend payments to all Americans. This dividend approach has garnered broad support in public opinion polls and can assure that the…