As negotiations continue on the infrastructure package, climate action is frequently framed as being at odds with the economy, where taking any sort of effective action would come at a large cost. This could not be more wrong.
First are the long-term implications, as unaddressed climate change spells disaster for future jobs and way of life. These climate-related disasters have come with a price tag of almost $2 trillion since 1980, according to the National Oceanic and Atmospheric Administration, a number that continues to climb.
Even in the present, however, many solutions present opportunities to grow jobs, innovate and stimulate the economy. A carbon fee and dividend structure is a perfect example of this. Endorsed by over 3,500 economists, it would increase international competitiveness, push forward innovation and provide rebates to citizens.
However, we can even go a step further, looking at CO2 as a resource rather than as…