The mission of this raffle is to raise awareness about Carbon Pricing as a solution to the climate crisis that faces this globe.
How Carbon Pricing Works
Economists on the left and right agree that putting a fee on carbon pollution is the most cost-effective way to cut greenhouse gas emissions to combat climate change. The fee would be levied on fossil fuels once they enter the state. Such a charge would give energy producers and consumers a strong incentive to shift from fossil fuels to clean energy – while having the freedom to decide how to do so.
The revenue from the fee would be used as a rebate to put cash in the pocket of every resident – to spend as they choose. Part of the revenue pool could also be invested into clean energy infrastructure and transportation, giving the renewable energy economy a helpful boost.
Impacts of a Carbon Price
Pollution will fall
Carbon pricing will reduce carbon pollution more than any single regulatory policy that the state operates now or is considering.
Households and businesses will be protected
Modeling shows that we could give back to low- and moderate-income households at least as much money as they would pay in higher costs for fossil fuels. After getting rebates, almost all businesses would face quite small changes in their net costs.
Employment will rise
Because Massachusetts imports all of our fossil fuels, we send around $20 billion out of state each year. A fee on carbon pollution will encourage a shift to home-grown, clean energy, recycling money back into our communities and creating jobs. In Massachusetts alone, a price on carbon has the potential to create more than 10,000 jobs once the fee reaches $40/ton. The renewables industry provides unprecedented opportunities for job growth, and a carbon price is the tool that will accelerate the clean industries that will provide those jobs.
The economy will benefit
Putting a price on carbon will spur the innovation economy as people find more efficient ways to use energy and transition to clean energy. There will also be small gains in important measures such as average personal income.
Breaking News! Huge Turnout at Hearing for Carbon Pricing Bills
More than 400 advocates showed up at the Telecommunications, Utilities, and Energy Committee hearing for the two carbon pricing bills on June 20th, and 60 of those testified directly to the committee. The lineup of testifiers supporting the bills included legislators, health professionals, students, scientists, economists, farmers, business leaders, and faith communities. In the week prior, 200 supporters attended 50 meetings with legislators during the campaign’s Carbon Pricing Lobby Day
Both bills levy a fee on carbon at the state border. Senator Michael Barrett’s An Act Combatting Climate Change distributes 100% of the revenue back to households and businesses in the form of a rebate. Representative Jennifer Benson’s An Act to Promote Green Infrastructure, Reduce Greenhouse Gas Emissions, and Create Jobs reinvests 20% of the revenue into a Green Infrastructure Fund and rebates 80% back to households and businesses.