Apply pricing to the cost of environmental damage and include that into the cost of the utility
- Calculate the cost to the environment per utility and include it in utility price.
- Proceeds procured from the surcharge will go into 1. investment into cleaner forms of energy and 2. offseting current damage
Category of the action
Reducing emissions from electric power sector.
What actions do you propose?
- Gradual implementation
First year consumers pay 20% and get up to 100%
Who will take these actions?
- Policy implementation through FERC
Where will these actions be taken?
- Across the United States and potentially in Europe
How much will emissions be reduced or sequestered vs. business as usual levels?
What are other key benefits?
- Public education about environmental impact of utility