Newsweek: Peter Barnes’s Cap-And-Dividend Is An Idea Whose Time Has Come

Posted on Monday, December 29th, 2008 at 9:00 am by dpacheco

Peter Barnes, author of Climate Solutions: A Citizen’s Guide, was recently honored by Newsweek magazine as one of “four thinkers whose philosophies seem to have captured the intellectual moment” for his cap-and-dividend program proposal. The article will appear in the upcoming January 5th issue.

The article explains cap-and-dividend:

Making producers of coal, oil and gas buy permits to offset the CO2 emitted from their products would raise energy prices. Barnes would avoid a backlash by paying the fees to every American. If you use less fossil fuel and consume fewer products made with it, you’ll come out ahead.

See a preview of the article here.

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