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Yale Environment 360: Obama Budget ForeseesBillions in Revenues From Carbon Cap

“President Barack Obama unveiled budget projections that foresee the federal government collecting more than $50 billion a year by 2012 from the carbon cap-and-trade system he proposed earlier this week. Administration sources told the Washington Post that $15 billion of carbon cap revenues would go to development of renewable sources of energy, while $60 billion would likley be spent on tax credits to lower- and middle-income families to offset higher energy prices that will result from a cap-and-trade system.”

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Yale Environment 360: Obama Budget Foresees
Billions in Revenues From Carbon Cap
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About Heather

My name is Heather Ferris. I am the founder and creator of Nurture Nature Project! I believe together we can re-imagine the future and re-create systems to support the sustainable regeneration of healthy life on our planet. Listening to your own heart and living from your inner truth is the first step to building a better world. Every person has something important to offer.

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