A bipartisan handful of House members are introducing carbon tax legislation today after first floating it late last year.
Why it matters: While it’s very unlikely to become law in at least the next few years, it’s nonetheless a marker for efforts to move national carbon pricing beyond the think tank and advocacy world where it’s been for a decade and back into Congress.
The details: Florida Democrat Ted Deutch unveiled the bill with a few other Democrats and one Republican. The bill would impose an initial $15-per-ton carbon "fee" on fossil fuel producers, processors and importers that rises $10 annually.
The big picture: After a near decade’s absence in Washington, debate over big climate and energy policies are emerging in Washington as Democrats take control of the House and the presidential campaign heats up.
Go deeper:
