The America’s Clean Future Fund Bill addresses numerous dimensions of the climate issue including carbon tax implementation, decarbonization transition payments to the agriculture sector, and the creation of the Climate Change Finance Corporation (C2FC). Overall, the Bill engages valuable components of the climate crisis through various systems: institution, tax policy, and tax rebates.
The C2FC institution creates agencies to finance clean energy and resiliency programs. Additionally, the decarbonization transition payments to the agriculture sector supports major operational shifts for the industry––which significantly contributes to global greenhouse gas emissions. Finally, the bill supports the implementation of carbon taxes to restrict the carbon emissions of corporations and support energy efficient business practices.
Various other countries who are a part of the Paris Climate Accord Agreement have successfully implemented similar carbon tax legislation. As the U.S. has recommitted to the Paris Climate Accord Agreement, we must continue to pass legislation that progresses our climate mitigation efforts. The America’s Clean Future Fund offers a chance to engage different systems including institution, tax policy, and tax rebate implementation.