James K. Boyce writes an op-ed in the The New York Times about a proposed carbon dividend that is designed to reduce carbon emissions in the atmosphere and provide money to ordinary Americans by distributing money raised by selling permits to carbon-based fuel companies

James K. Boyce, economics, writes an op-ed in The New York Times about a proposed carbon dividend that is designed to reduce carbon emissions into the atmosphere and provide money to ordinary Americans by distributing money raised by selling permits to companies that sell carbon-based fuels. The permits would be auctioned and limited and over time their number would decrease. A bill creating this system is being filed in the U.S. House by Rep. Chris Van Hollen, Democrat of Maryland. Boyce and Van Hollen argue that this system would immediately provide a financial benefit to the American people, would increase the cost of carbon and would result in cleaner air and water and diminished climate change. (New York Times, 4-Traders, 1/29/18)