Cap 2.0: Investing in America
A new generation of climate legislation is needed to fight global warming by spurring innovation and clean energy.
America and the world have reached a crucial juncture on climate change. To avoid the most catastrophic consequences of global warming, the United States and other developed nations must reduce greenhouse gas pollution at least 80 percent below 2005 levels by the middle of this century -- and inspire developing countries to do their fair share, as well.
It's a big job, but we can create a clean energy economy without sacrificing improvements in our standard of living. What's needed is comprehensive climate legislation that would cap greenhouse gas emissions while spurring a surge in clean energy investments.
NRDC sponsored an independent analysis of how climate legislation will impact our economy. A Clean Energy Bargain concludes that implementing sound climate and energy legislation will cost American households an average of 25 cents per day.
Done right, a "cap-and-invest" strategy will create millions of jobs
The sale of pollution allowances would bring in new government revenue, allowing funds to be redirected toward infrastructure improvements and incentives for innovation. The result is a fiscally responsible way to revive the nation's economy and fight climate change at the same time.
Done right, this "cap-and-invest" strategy will create millions of jobs, make America more secure and restore the United States to a position of world leadership in technology and innovation. Think of these policies as the next generation of climate legislation, improving on the cap-and-trade proposals of the past. To capture this spirit, we're calling these recommendations Cap 2.0.
The policy briefs listed at right detail NRDC's recommendations and how they can be implemented.