Polluters should pay for carbon

“Polluters pay. People get a carbon cashback” sums up the impact that the Energy Innovation and Carbon Dividend Act would have.

The EICDA was re-introduced in the House of Representatives last September and is currently languishing in committees.

Briefly, the EICDA puts a price on carbon at the source of the fossil fuels – the well, mine, or imported tanker – therefore making it simple to administer and uniform across sources of greenhouse gases.

It would take the revenue from the price on carbon and distribute it to every individual in the country – each adult getting a full share, and each c...