Chris Dodd on climate change

Chris Dodd for President : Reduce 80 percent of greenhouse gas emissions by 2050. By mandating the framework of the Sanders “Cap-and-trade” legislation and the toughest, most transparent rules possible, we can make serious reductions to carbon emissions every decade. By 2020, the U.S. must reduce its emissions by 15% of 80 percent below 1990 levels; by 2040, emissions must be reduced by 2/3 of 80 percent; and by 2050, emissions must be reduced to a level that is 80 percent.

* A portion of the allocated credits will be auctioned off and revenues directed to the Corporate Carbon Tax Trust Fund.

2. Enact a Corporate Carbon Tax. A Corporate Carbon Tax will discourage big corporate polluters and stimulate innovation. The revenues of a corporate carbon tax—estimated at over $50 billion annually—will be placed into a Corporate Carbon Tax Trust Fund (CCTTF) to fund:

* Fast tracked research, development and deployment of renewable technologies such as wind, solar, as well as ethanol and other biofuels;

* Efforts to expedite the process for bringing energy efficient technologies to market;

3. Export safe renewable energy technologies to, friends, allies and developing nations. We all know renewable and clean energy technology will allow America to achieve energy independence. A Dodd Administration would understand the power of that technology to transform not only American society, but others. By sharing that technology with other nations, we can allow them to end their alliances of necessity with dictators from oil-producing nations like Venezuela and Iran and once again begin to take up America’s role as a responsible world leader.