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The Climate Leadership Council is a bipartisan non-profit organization that advocates for a carbon fee and dividends policy. Launched in 2017 by Ted Halstead and former Republican Secretaries of State James Baker and George Shultz, the organization has organized a coalition of companies, environmental organizations, economists and others in support of its climate proposal.

Baker-Shultz Carbon Dividends Plan
The organization’s carbon tax and dividends proposal is known as the Baker-Shultz Carbon Dividends Plan. The plan proposes taxing fossil fuels companies on carbon emissions and paying out rebates to Americans.

In February 2020, the organization published its bipartisan climate roadmap which detailed the dividends proposal. The plan includes increasing carbon taxes gradually, starting at $40 per ton, and paying out dividends to Americans through quarterly payments, starting at $2000 for a family of four in the first year.

Impacts of Carbon Dividends
In addition to lowering CO2 emissions, research and modeling has shown that the plan would also generate $1.4 trillion in new capital spending and create 1.6 million new jobs by 2035 in clean-energy technologies like electric vehicles, solar panels, carbon capture technologies, and offshore wind farms.

The organization also published a study by NERA Economic Consulting in 2020 asserting that a carbon dividends model would generate more economic output compared with using commonly proposed climate regulations to achieve the same emissions reductions. By 2036, U.S. annual gross domestic product (GDP) would be $190 billion higher annually under a carbon dividends model compared with similar carbon reductions that rely on regulations.

Polling
The organization has published numerous polls showing bipartisan support for action to address climate change and for a carbon dividends solution.