Statement from The Nature Conservancy on the Reintroduction of the Market Choice Act
The MARKET CHOICE ACT OF 2019 was introduced in the U.S. House of Representatives today by Rep. Brian Fitzpatrick, R-Pa.. The Act replaces the federal gas tax with a price on carbon of $35 per ton. Independent projections by Resources for the Future suggest that the bill will reduce greenhouse gas pollution by 36% by 2025. This far exceeds the reductions that would have been achieved by previously proposed measures. In addition to helping address the persistent funding problems for upkeep of our nation’s infrastructure, the revenue collected would support development of carbon capture technology, spur deployment of natural climate solutions, and provide significant investment in resilience against climate impacts.
The Nature Conservancy’s Vice President of Policy and Government Relations Lynn Scarlett released the following statement in response:
“The introduction of this bill proves there are members of Congress on both sides of the aisle who are determined to take effective action to immediately reduce carbon pollution. By placing a price on the carbon emissions that cause climate change and making critical investments in carbon capture technologies and natural climate solutions, the bill is an important first step in putting the U.S. on a path to meeting the climate challenge and making the critical transition to a low-carbon economy.
“We are at a critical moment. The impact on our communities, our economy and to nature itself from climate change is happening right here, right now, and we need to bring all available solutions to bear on this challenge. This includes everything from market-based mechanisms like a price on carbon, to emerging carbon capture technology, and especially nature-based solutions that allow us to harness nature’s own power to protect our future.
“We are grateful for Rep. Fitzpatrick’s leadership and commitment, as well as the support of the bill’s cosponsors Reps. Salud Carbajal, D-Calif., Francis Rooney, R-Fla., and Scott Peters, D-Calif. While we will need to continue the discussion on how to achieve the long-term emission reductions called for by science, this bill offers real solutions that bring measurable results.”
The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world's toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters and oceans at an unprecedented scale, providing food and water sustainably and helping make cities more sustainable. Working in 72 countries and territories: 38 by direct conservation impact and 34 through partners, we use a collaborative approach that engages local communities, governments, the private sector, and other partners. To learn more, visit www.nature.org or follow @nature_press on Twitter.