Regional Economic Models, Inc. (REMI) Report

Friday, June 6, 2014
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Research Project
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Bob Ciernia
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Citizens Climate Education Corporation (CCEC) and Citizens Climate Lobby (CCL) contracted a third party, Regional Economic Modeling, Inc. (REMI) to do a nation-wide macroeconomic study on the impact of its Fee and Dividend (F&D) policy. (REMI) examined the impact of a steadily-rising fee on carbon-based fuels with revenue from that fee returned to households in equal shares. With the fee starting at $10 per ton of carbon dioxide and rising $10 per ton each year, the major findings were:
◾In 20 years, CO2 emissions would be reduced 50 percent below 1990 levels.
◾Because of the economic stimulus of recycling carbon fee revenue back to households, in 20 years, 2.8 million jobs would be added to the American economy.
◾Improved air quality would result in 230,000 premature deaths avoided over 20 years.

There is no economic argument against Fee and Dividend. It creates jobs, grows the economy, saves lives, and makes Americans richer.

Focus Area(s): Energy, Transportation
Posted On: Nov. 28, 2014