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Senator Durbin Demonstrates Leadership with Bill to Cut Climate Pollution Across the Economy and Invest in Stronger Communities

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FOR IMMEDIATE RELEASE

(Washington, D.C. – March 10, 2021) Today, Senator Richard Durbin (D-IL) reintroduced an ambitious bill that would significantly cut climate pollution across the economy while investing in mitigation, adaptation and the economic well-being of communities across the country.

By enacting a fee on carbon emissions across the economy, along with clear emission reduction goals and provisions to help make sure those goals are met, this bill would significantly curb climate pollution, while giving most of the revenue back to Americans through an income-based rebate that protects lower-income and middle-income households.

The America’s Clean Future Fund Act would also create the Climate Change Finance Corporation, an independent federal agency tasked with providing resources to finance clean energy, climate resilience, and other climate mitigation and adaptation projects. These projects would have a focus on increasing equity by ensuring a significant amount of the funds go to environmental justice communities. The bill also establishes grants for agricultural stakeholders to adopt carbon-reduction practices as well as grants for transition assistance in fossil-reliant areas.

“The costs of climate change only climb higher with every year that we delay strong action. Investing today to cut climate pollution and create more resilient communities is fiscally responsible […]

Click here to view original web page at www.edf.org

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