Use this page to find out more about our campaign to address global warming by putting a price on carbon pollution and establishing an Energy Independence Fund in Vermont. Click on a section in the table of contents below to navigate to that section.
- THE FIVE YEAR VISION
- THE ECONOMIC OPPORTUNITY
- THE HIDDEN COST OF FOSSIL FUELS
- BRITISH COLUMBIA’S PRICE ON POLLUTION
- VERMONT ENERGY INDEPENDENCE FUND PRIORITIES
- Fossil fuel companies are held financially accountable for polluting our air and climate, which means much lower taxes on Vermonters and local businesses.
- Smart investments in an Energy Independence Fund have broken down barriers so clean energy technologies like home weatherization, solar and cold climate heat pumps are available to all Vermonters.
- Cleaner transportation options – including more fuel efficient cars and trucks, along with increased public transportation – are popular, affordable and widely available.
- By replacing fossil fuels with clean energy solutions, Vermonters are saving tens millions of dollars on fuel bills every year and keeping those energy dollars right here, working in Vermont.
Keep hundreds of millions of Vermonters’ dollars in Vermont. Create thousands of jobs in industries like construction , computer manufacturing, and hospitality. Raise Vermonters’ incomes by $135 million in 10 years.
It’s true. According to economic modeling performed specifically for Vermont, a price on pollution is the ideal market-based approach for strengthening our economy and reducing pollution at the same time.
Oil and gas companies don’t pay the huge costs caused by the heat-trapping carbon pollution they emit. With more superstorms, worsening floods and increasingly unpredictable growing seasons, carbon pollution means higher infrastructure costs and ballooning emergency relief budgets.
Tropical Storm Irene caused nearly a billion dollars in damage—and University of Vermont scientists have said it’s a “harbinger of things to come.”
Instead of waiting for Canada to take nationwide action to tackle climate change, in 2008, the province of British Columbia enacted a tax on carbon pollution to reduce its dependence on fossil fuels and fund significant tax cuts.
Today, pollution from fossil fuels in British Columbia is down significantly, and the pollution tax funds more than a billion dollars a year in other tax cuts—so the province has one of Canada’s lowest corporate and income tax rates. On top of that, since 2008, BC has enjoyed a slightly stronger economy than the rest of Canada.
- British Columbia’s tax on pollution started low (equivalent to 9 cents/gallon of gas) and increased over time, so there was plenty of time to install clean energy technologies
- A targeted tax credit for low-income citizens shielded them from the potential adverse impacts
- In 2012, public support for the tax on polluters reached 64 percent—just as the tax reached its maximum level