With effective climate legislation coal has less than a decade left. The price of coal more than doubles with a modest price on carbon of $20 per ton of CO2 (https://www.resourcesmag.org/common-resources/calculating-various-fuel-prices-under-a-carbon-tax/). We need a global price of $75-$100 on CO2 by 2030 to be on a relatively safe emissions reduction path.

Forty-six countries are already pricing carbon, including the EU, which has a $26 per ton price on CO2 emissions (see pgs 24-28: https://openknowledge.worldbank.org/bitstream/handle/10986/33809/9781464815867.pdf?sequence=4&isAllowed=y). The EU price is significant because in 2023 they will begin using Border Carbon Adjustments to put their price on imports from countries that don't match their price. That will energize the push for carbon pricing around the world.

The WEF, World Bank, IMF, IPCC, and most leading US economists all say a steeply rising price on CO2, applied at the source (well head, mine, or port of entry), is a critical part of successfully reducing climate pollution: carboncashback.org/carbon-cash-back

Rather than be forced to do this through the leverage of border carbon adjustments from our trading partners, the US aught to become the global leader in carbon pricing, and get the additional benefits of explosive growth and private investments in clean energy innovation that will result. How can the US retain its global leadershiptthis century? By being a leader, and reaping the benefits. How do we do that and protect households? With cash-back carbon pricing (http://citizensclimatelobby.org/basics-carbon-fee-dividend).

Here's a great first step: https://energyinnovationact.org/

If you own a business, please endorse that bill at https://energyinnovationact.org/endorse

If you are a citizen who wants the US to lead in the 21st century transformation to clean energy, please tell Congress you support this bipartisan solution: cclusa.org/write

Thank you!

Why Coal Lost—and Can It Recover?