CEO Climate Dialogue Statement on the Reintroduction of the Market Choice Act
May 07, 2021
WASHINGTON — The CEO Climate Dialogue— a broad-based coalition of 26 leading businesses and institutions representing sectors across the U.S. economy — oil and gas, utilities, agriculture and food, automotive, chemicals, manufacturing, financial services, and environmental advocacy—released the following statement in response to the reintroduction of the Market Choice Act in the U.S. House of Representatives today:
“The reintroduction of the Market Choice Act is an encouraging sign that momentum for putting a price on carbon continues to build on Capitol Hill. While the CEO Climate Dialogue has not endorsed any bill at this time, we agree with Rep. Fitzpatrick (R-PA) and Rep. Carbajal (D-CA) on the urgent need for federal action on climate change and that an economy-wide price on carbon is the most effective mechanism to harness market forces to create clean energy jobs, encourage the development and deployment of clean energy technologies, and accelerate the transition to the low-carbon economy that is needed to reach net-zero emissions by 2050. We are also encouraged by the bill’s focus on critical investments in our nation’s infrastructure as Congress considers infrastructure investment and economic development measures.
To meet this moment, the public and private sectors must work together to enact climate polices that provide businesses with clarity and have the durability to endure over time. Putting an economy-wide price on carbon will leverage the power of the market to achieve these objectives, and we encourage its inclusion in any package of infrastructure investment and economic growth measures to be considered by Congress this year.
We applaud Rep. Fitzpatrick and Rep. Carbajal for reaching across the aisle and working together to introduce the Market Choice Act and look forward to working with them and their bill co-sponsors and colleagues in Congress to advance ambitious federal climate policy that includes an economy-wide price on carbon this year.”
For media information, contact Clare Flannery at CFlannery@forbes-tate.com or 914-659-7805.