Summary
The CLEAR Act proposes a carbon price with 100% permit auctioning and consumer rebates to stimulate investment in energy technologies and protect taxpayers from rising energy costs.
Key insights
- The CLEAR Act's carbon pricing mechanism is expected to drive investment and innovation in new energy technologies, which would provide a significant economic boost to the construction and manufacturing industries following the financial crisis and create relatively well-paying jobs.
- The proposed auction and rebate system is designed to protect consumers from energy price increases, with economic analysis indicating that the majority of taxpayers would either break even or benefit financially.
- The rebate mechanism reduces regional economic disparities; for instance, the annual per-person payout difference between Oregon (the highest) and Indiana (the lowest) would be only $91.
Cite the original document
- APA
- Livermore, J. S. H. A. M. A. (2010). Clear the Economy. Institute for Policy Integrity. https://policyintegrity.org/publications/detail/clear-the-economy
- Chicago
- Livermore, J. Scott Holladay and Michael A. Clear the Economy. Institute for Policy Integrity, 2010. https://policyintegrity.org/publications/detail/clear-the-economy.
- Wikipedia
- {{cite report |last1=Livermore |first1=J. Scott Holladay and Michael A. |title=Clear the Economy |publisher=Institute for Policy Integrity |date=12 April 2010 |url=https://policyintegrity.org/publications/detail/clear-the-economy |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{livermore2010clear, author = {Livermore, J. Scott Holladay and Michael A.}, title = {{Clear the Economy}}, institution = {Institute for Policy Integrity}, year = {2010}, month = apr, url = {https://policyintegrity.org/publications/detail/clear-the-economy}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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