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Can You Handle Paying 23 Cents Per Day for Climate Change?

If the climate bill is passed, reports say that consumers will pay an extra $83 per year. That's 23 cents per day.


Because that’s what a new report says it will cost us if the current climate bill is passed. That adds up to about $83 per year. That’s a pretty small price to pay, right?

Overall, costs could rise slightly more than that, according to the report:

the bill’s provisions would cause electricity rates to rise 3 percent to 4 percent and gasoline prices to rise 23 cents a gallon by 2020, causing a fall in household consumption of between $21 and $235 a year.

And of course, the benefits of the climate bill currently before the Senate – a 17 percent reduction in greenhouse gas emissions by 2020, 80 percent reduction by 2050 and utilities powered by more renewable energies – outweigh the costs, right? I’d certainly pay them, how about you?

Read More:

  • The Climate Bill Will Cost You Just 23 Cents a Day, EIA Analysis Shows (TreeHugger)
  • Climate Bill Would Raise Costs Slightly (New York Times)

Cory Barker

Cory Barker is a summer intern for Earth Eats and senior IU student from Hartford City, Indiana. He is double majoring in journalism and communication and culture with a minor in business.

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