The White House released the second volume of the U.S. Global Change Research Program’s (USGCRP) Fourth National Climate Assessment (NCA4) on November 22, warning of potential damage to the U.S. economy, environment, and human health in the coming decades as a result of climate change.
Representative Carlos Curbelo (R-FL-26) introduced the first Republican carbon pricing bill in nearly a decade on July 23. The proposal, called the MARKET CHOICE Act (H.R. 6463), seeks to reduce greenhouse gas emissions by imposing a federal tax on carbon, and to use the revenue to fund infrastructure modernization. It would also impose a rolling, performance-based moratorium on federal regulation of greenhouse gas emissions from sources covered by the carbon tax, and eliminate the excise taxes on gasoline and diesel fuels.