Join us.

We’re working to create a just society and preserve a healthy environment for future generations. Donate today to help.

Donate

The Hill Op-ed: The Policy Significance of the Polluters Pay Climate Fund Act

This op-ed was originally published in The Hill.

On Aug. 9, the Intergovernmental Panel on Climate Change (IPCC) published the first installment of its latest report assessing the state of scientific knowledge about the climate crisis. As United Nations Secretary-General António Guterres put it in a press release, the report is nothing less than “a code red for humanity.”

“The alarm bells are deafening,” Guterres said, “and the evidence is irrefutable: greenhouse gas emissions from fossil fuel burning and deforestation are choking our planet and putting billions of people at immediate risk.”

The good news is that the science indicates that there is still time to respond by taking drastic and rapid action to shift from fossil fuels to clean, renewable energy and to keep people safe in the face of the dangerous changes in the climate system that have already taken place. That is, we must both prevent further catastrophes and repair the damage that has already been done to people and the planet.

That will be expensive, and a group of senators led by Sen. Chris Van Hollen (D-Md.) plan to introduce legislation based on the well-established legal and moral principle that those who cause damage should pay for it. The Polluters Pay Climate Fund Act would require fossil fuel companies that are responsible for at least 0.05 percent of total carbon dioxide and methane emissions between Jan.1, 2000, and Dec. 31, 2019, to pay a modest share of the climate damages bill: $500 billion over the next 10 years.

As Van Hollen explained, the legislation would help hold accountable those who are the most responsible for the climate crisis. The 0.05 percent requirement “would limit the total number of payors to the 25-30 biggest polluters, with those who polluted the most paying the most,” he said. The money would be used to help fund climate resiliency and a just transition to clean, renewable energy, including by providing communities with resources to adapt to extreme weather events and other dangers fueled by the climate crisis.

Read the full op-ed in The Hill.

Showing 2,823 results

Karen Sokol | August 13, 2021

The Hill Op-ed: The Policy Significance of the Polluters Pay Climate Fund Act

On Aug. 9, the Intergovernmental Panel on Climate Change (IPCC) published the first installment of its latest report assessing the state of scientific knowledge about the climate crisis. As United Nations Secretary-General António Guterres put it in a press release, the report is nothing less than “a code red for humanity.” The good news is that the science indicates that there is still time to respond by taking drastic and rapid action to shift from fossil fuels to clean, renewable energy and to keep people safe in the face of the dangerous changes in the climate system that have already taken place. That will be expensive, and a group of senators led by Sen. Chris Van Hollen (D-Md.) plan to introduce legislation based on the well-established legal and moral principle that those who cause damage should pay for it.

Maggie Dewane | August 12, 2021

Following the Most Recent UN Climate Change Report, Here Are Some Policies to Move Us Forward

The latest report out of the UN's Intergovernment Panel on Climate Change is harrowing. But it's not too late to take action. Here are some of the policies the United States should implement immediately.

Alina Gonzalez | August 9, 2021

How Big of a Deal Is Biden’s Justice40 Initiative?

In his first week of office, President Joe Biden signed an executive order, "Tackling the Climate Crisis at Home and Abroad," that responds to climate change with an emphasis on environmental justice. Notably, the order creates a government-wide "Justice40 initiative," which sets a goal for disadvantaged communities most impacted by climate change and pollution to receive at least 40 percent of overall benefits from federal investments in climate and clean energy.

Marcha Chaudry | August 2, 2021

To Protect Workers and Consumers, Congress Must End Forced Arbitration

In February, Georgia Rep. Hank Johnson, chair of the House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet, reintroduced the FAIR Act. The legislation would protect workers and consumers by eliminating restrictive "forced arbitration" clauses in employment and consumer contracts. The bill would also allow consumers and workers to agree to arbitration after a dispute occurs if doing so is in their best interests. A companion measure has been introduced in the Senate. Arbitration -- a process where third parties resolve legal disputes out of court -- is a standard precondition to most, if not all, nonunion employment and consumer contracts. It's considered "forced" because few consumers and workers are aware that they are agreeing to mandatory arbitration when they sign contracts. In most contracts, arbitration is imposed on a take-it-or-leave-it basis before any dispute even occurs; refusing to sign is rarely a realistic option because other sellers and employers impose similar arbitration requirements.

Daniel Farber | July 30, 2021

Oregon Takes a Big Step Forward

On Wednesday, Oregon Governor Kate Brown signed a package of four clean energy bills. These bills move the state to the forefront of climate action. They ban new fossil fuel plants and set aggressive targets for the state's two major utilities, requiring emission cuts of 80 percent by 2030, 90 percent by 2035 and 100 percent by 2040. This is not only a major step forward for the state; it should also clear the path to closer collaboration among Washington State, Oregon, and California on climate issues.

Clarissa Libertelli | July 29, 2021

CPR Member Scholars Tapped by Biden Administration for Key Justice and Environmental Advisory Positions

President Joe Biden has invited four CPR scholars — leaders in climate and energy justice, natural resources, and environmental law — to serve in his administration.

Joel A. Mintz | July 22, 2021

The Hill Op-Ed: Leadership and the Challenge of Climate Change

Recent events have dramatized the urgent need for prompt and bold action to respond to climate change. Raging rivers in Germany and Belgium, unheard of "heat domes" over large sections of North America, and uncontrolled wildfires and flooding around the globe, have made it absolutely clear that humankind must quickly limit the emission of greenhouse gases and adapt to the increasingly calamitous consequences of climate disruption. In view of this situation, what is and ought to be the substance of environmental leadership?

Karen Sokol | July 22, 2021

What Fossil Fuel Industry Deception Tells Us About How to Survive the Climate Emergency

On the last day of June, an entire village in Canada was engulfed in a wildfire after the country recorded its highest temperature ever. That same day, Greenpeace UK's investigative team published a striking tape of two Exxon senior employees' candid accounts of the fossil fuel industry's surreptitious lobbying efforts to undermine climate action.

James Goodwin | July 21, 2021

Biden Said He Wants to ‘Modernize Regulatory Review.’ The EPA’s Chemical Disaster Rule is a Great Place to Start.

The Biden administration's Environmental Protection Agency (EPA) is currently seeking public input on its efforts to revamp an important Clean Air Act program called the Risk Management Plan (RMP) rule for facilities that produce, store, or use large amounts of dangerous chemicals. It is meant to prevent catastrophes -- like the 2017 Arkema explosion in Crosby, Texas -- which not only put human lives and health in danger (especially for the communities of color that are disproportionately overrepresented in the shadows of these facilities), but also cause costly disruption for local economies.