- Caps global warming pollution by requiring
industry to obtain permits for each ton of carbon
released, with a fixed annual number of total
- Creates an annual auction for the sale of
- Sets total allowable emissions for each year
to hit either a pollution reduction target or
a revenue target.
Illinois’ CAP is based on
- Combine market-based incentives with technology-promoting
regulations to encourage energy efficiency and
- Protect competitiveness by covering emissions
associated with products consumed in Illinois,
rather than emissions associated with products
produced in Illinois.
- Dedicate a revenue stream to provide for investment
in clean energy technologies, offset negative
impacts on the bottom 40% of households, and
help energy-intensive industries and their workers
transition to a low-carbon economic future.
In addition to the environmental benefit of reducing
global warming pollution (as well as other pollutants
often emitted at the same time), the system can:
- Restore funding for investments in infrastructure,
education, and other critical needs.
- Reduce the state pension gap and the need
for future tax increases.
- Provide incentives and direct investment for
emerging and growing industries.
- Stabilize state finances, creating a better
business climate for the state as a whole.
For more information or to get involved, contact
Redefining Progress’s Executive Director
Andrew Hoerner, Director of the Sustainable
top of page
Photo courtesy Reiner Kraft