User:Bold-water-rat/Carbon fee and dividend

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Energy Innovation and Carbon Dividend Act of 2021

The Energy Innovation and Carbon Dividend Act (H.R. 2307) was introduced into the US House of Representatives on April 1, 2021, by Democratic Representative Ted Deutsch of Florida (1). The goals of the law were to encourage market-driven innovation of clean energy technologies and to reduce pollution (2). The bill imposed an initial fee of $15 per metric ton of carbon dioxide equivalent emissions in 2021, with the fee increasing by $10 in each successive year (3).