City of Madison - File #: 66656

• File #: 66656
• Version: 1
• Name: Urging the United States Congress to enact the Energy Innovation and Carbon Dividend Act of 2021 (H.R.2307)
• Type: Resolution
• Status: Passed
• File created: 7/27/2021
• In control: COMMON COUNCIL
• On agenda: 8/3/2021
• Final action: 8/3/2021
• Enactment date: 8/6/2021
• Enactment #: RES-21-00531
• Title: Urging the United States Congress to enact the Energy Innovation and Carbon Dividend Act of 2021 (H.R.2307)
• Sponsors: Tag Evers, Syed Abbas, Satya V. Rhodes-Conway, Keith Furman, Lindsay Lemmer, Michael E. Verveer, Yannette Figueroa Cole, Regina M. Vidaver, Patrick W. Heck

Date	Ver.	Action By	Action	Result
8/3/2021	1	COMMON COUNCIL	Adopt Under Suspension of Rules 2.04, 2.05, 2.24, and 2.25	Pass
7/27/2021	1	Council Office	RECOMMEND TO COUNCIL TO ADOPT UNDER SUSPENSION OF RULES 2.04, 2.05, 2.24, & 2.25 - MISC. ITEMS

Fiscal Note
No City appropriation required.
Title
Urging the United States Congress to enact the Energy Innovation and Carbon Dividend Act of 2021 (H.R.2307)
Body
WHEREAS, on June 12, 2012, the Common Council approved the Madison Sustainability Plan, which includes the goals of improving air quality, storm water management, reductions in transportation-related carbon impacts, obtaining 25% of electricity, heating, and transportation energy from clean energy sources by 2025, and helping businesses transition to the Green / Cleantech economy; and,

WHEREAS, the United States government released its Fourth Annual Climate Assessment in November 2018, reporting that the impacts of climate change are already being felt in communities across the country, and that more frequent and intense extreme weather and climate-related events, as well as changes in average climate conditions, are expected to continue to damage infrastructure, ecosystems, and social systems that provide essential benefits to communities; and,

WHEREAS, the United Nations climate science body said in a monumental climate report that we have only until 2030 to make massive and unprecedented changes to global energy infrastructure to limit global warming to moderate levels; and,

WHEREAS, the United States Congress is currently considering the Energy Innovation and Carbon Dividend Act of 2021 (H.R.2307), which would impose a fee on the carbon content of fuels, the fee to be deposited into a Carbon Dividend Trust Fund; and,

WHEREAS, in order to protect low-and-middle-income Americans from the economic impact of rising prices due to the carbon fee, the Energy Innovation and Carbon Dividend Act of 2021 (H.R.2307) specifies that equal monthly per person dividend payments shall be made to all American households (one-half payment per child under 19 years old) from the carbon fees collected. The total value of all monthly dividend payments shall represent 100% of the net carbon fees collected per month; ...