Comprehensive Market-Based Approach

Federal efforts to address climate change are undertaken under laws, and with funding,
approved by Congress. Like other complex economy-wide challenges, climate change

touches on a wide array of interests. The stakes vary from sector to sector and region to
region. An effective, lasting climate solution requires a careful balancing of those
interests, which typically is achieved through the legislative process.
Present federal climate efforts are proceeding largely under the 1970 Clean Air Act,
which was not initially designed to address climate change. The most cost-effective way
to reduce greenhouse gas emissions and avoid the worst consequences of climate
change is a comprehensive market-based approach that puts a price on carbon. Despite
support from the business and environmental communities, Congress has not seriously
debated such an approach since the failure of cap-and-trade legislation in 2009.
 Incentivizing carbon capture, use, and storage. Congressional action can help
unleash private capital to scale up the number of carbon capture projects, including by
expanding and reforming the existing 45Q tax credit and expanding the use of private
activity bonds. This can bring down capture costs, create new markets for products
containing manmade carbon dioxide, and reduce emissions from power and industrial
facilities. (Learn about our coalition to accelerate carbon capture deployment.)
 Advancing nuclear energy. Congressional action can help maintain the existing nuclear
fleet while also spurring research and development that will lead to the next generation
of nuclear energy. Nuclear energy is the largest source of zero-carbon energy in the
United States and will have to play a role in any long-term decarbonization strategy.
 Improving energy efficiency. Energy efficiency reduces emissions from power plants,
improves grid resilience during periods of peak electricity demand, saves consumers
money, and creates jobs in the building and energy sectors. Federal energy efficiency
standards are a main driver of energy efficiency in the United States. Further federal
leadership can produce stronger environmental and economic benefits.
 Modernizing infrastructure. Congress will be instrumental in designing and funding
any new federal infrastructure package. Infrastructure investments can reduce emissions
and improve resilience to the climate impacts we’re already experiencing. For instance, a
modernized grid can better distribute renewable power and make communities more
resilient to extreme weather. Any new infrastructure should be built to last, with impacts
like rising sea levels and increasingly frequent heat waves in mind.
 Maintaining America’s scientific edge. Congress appropriates funding for scientific
and technology research across the federal government. Congress should continue to
support research on climate impacts and how they affect the economy. Federal research
is critical to basic and applied research on next-generation energy technologies that will
reduce emissions and keep America’s economy strong.
 Building community resilience. Congress can improve communities’ resilience to
climate impacts. Legislation should take climate change into consideration to ensure
taxpayer dollars are being wisely invested in long-term assets affected by climate
change. Programs that help the private sector and individuals make long-term decisions
about climate risks, like the National Flood Insurance Program, should be authorized.
When Congress appropriates funding to respond to natural disasters, it should help
communities build back stronger and prepared for climate impacts.
 International support. The United States, in keeping with its obligations under the U.N.
Framework Convention on Climate Change (UNFCCC), provides important support to
other countries to help them reduce emissions, develop clean energy, and cope with
climate impacts. Congress can help demonstrate international leadership on climate
change by funding bilateral assistance and multilateral programs such as the Green
Climate Fund.
Reaction:
Building a tough admonition concerning the possible effects of unrestrained climate change that will
perhaps, occur in our society will help us prevent and establish a power to combat climate change. Thus,
our life will be in lack of danger. Endangering our lives has been a part of being a human thus we cannot
prevent something to happen unless we try to. Our society’s aim of peaceful and lively place has been
continuously disrupted by the disturbance of climate change. Because of this, people has also been
continuously expose themselves nakedly beneath the dangerous calamities that will possibly occur in
our world. In addition to that, people are also the one who put themselves in the brink of peril which
cause by them cutting down trees that exposed the carbon dioxide, them consuming too much water
and electricity and so on. This human intervention will have a great impact in our living cycle, however
we can prevent this to happen through implementing a new policies and to strongly guide the people in
an ethical way regarding the climate change.

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Federal efforts to address climate change are undertaken under laws, and with funding,

approved by Congress. Like other complex economy-wide challenges, climate change

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