From the Citizens Climate Lobby website:

The Basics of Carbon Fee and Dividend:
1. Place a steadily rising fee on fossil fuels (coal, oil and gas).
2. Give all of the revenue from the carbon fee back to households.
3. Use a border adjustment to discourage business relocation.
4. It’s good for the economy AND even better for the climate.

“…phased-in carbon fees on greenhouse gas emissions (1) are the most efficient, transparent, and enforceable mechanism to drive an effective and fair transition to a domestic-energy economy, (2) will stimulate investment in alternative-energy technologies, and (3) give all businesses powerful incentives to increase their energy-efficiency and reduce their carbon footprints in order to remain competitive…”

Read more.

Download Carbon Fee and Dividend, a full-text version of CCL’s Carbon Fee and Dividend proposal.

1952: Smoke pouring from the New Farm Power House in Brisbane, Australia caused numerous complaints from residents. Source: Wikimedia Commons