Snowsports Industries America (SIA) announced its support of the Energy Innovation and Carbon Dividend Act.
SIA said the bill “puts a fee on carbon emissions from coal, oil and gas which, over time, will drive down carbon pollution as energy companies, industries and American consumers will move toward cleaner, cheaper options.”
The funds collected from the carbon fee are allocated in equal shares to the American people to spend with no restrictions. To protect U.S. manufacturing, imported goods from countries without equal fees will pay a border carbon adjustment, and goods exported from the U.S. will receive a refund under this policy.
“Placing a price on carbon is one of the most effective tools we have to substantially reduce carbon emissions and address climate change. This market-based mechanism has broad bipartisan support, and we strongly support this common-sense legislation that will protect our industry and communities like Park City from the devastating impacts of climate change,” said Nick Sargent, president, SIA.
SIA said that as an industry that is entirely dependent on consistent winter seasons, the winter outdoor industry is on the front lines of climate change marked by dramatic shifts in seasonality and rising temperatures. The organization said these changes are having economic impacts in the $73 billion winter outdoor industry’s supply chain, on resorts and winter tourist-dependent communities across the U.S.
For more information on Energy Innovation and Carbon Dividend Act, go here.
