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Tonko Reintroduces Cap & Invest Legislation to Ensure an Affordable Transition to a Carbon-Free Economy

The Climate Pollution Standard & Community Investment Act creates sound framework to reduce pollution and utility bills

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WASHINGTON, DC — Congressman Paul D. Tonko (D-NY), Ranking Member of the House Subcommittee on Environment, today announced the introduction of H.R. 6918, the Climate Pollution Standard & Community Investment Act, major climate legislation that would create a roadmap to achieving a carbon-free economy, while driving down energy costs and supporting frontline communities.

This timely legislation comes on the heels of studies that U.S. emissions rose an estimated 2.4 percent in 2025, in a reversal of emission reductions in previous years, as well as reports that energy bills in the U.S. are on the rise to the tune of 13 percent, with prices expected to climb even further.

“For too long, there has been a false dichotomy that we can either address climate change and develop clean energy solutions or strengthen our economy and lower costs; that could not be further from the truth,” Congressman Tonko said. “Smart, comprehensive climate policy will have massive cost-saving benefits for our nation and communities, while also avoiding the worst economic and public health harms caused by climate change. That’s why I’ve introduced my Climate Pollution Standard and Community Investment Act. This legislation addresses climate pollution by establishing a framework that encourages the most cost-effective pathway to reducing emissions, while using the revenues generated to support working and middle class Americans. I’ll keep pushing for Congress to get serious about taking meaningful climate action while also lowering energy costs for consumers.”

“At a time of rising energy demand and prices, Representative Tonko’s Climate Pollution and Community Investment Act is a thoughtful, practical proposal that addresses the twin challenge of climate and affordability. The proposal uses the power of the market to drive American innovation and competitiveness, positioning the American economy to prosper and grow while cutting climate pollution and protecting consumers from rising costs. We look forward to working with Congress, businesses, and stakeholders across the economy to demonstrate that effective climate policy aligns with sound economic policy,” said Nat Keohane, President, Center for the Climate and Energy Solutions.

The Climate Pollution Standard and Community Investment Act will:

  • Create a long-term regulatory framework to phase down climate pollution from major sources;
  • Generate new revenues which will be reinvested in frontline communities;
  • Support displaced workers and low-income households; and
  • Fund additional activities that will accelerate the adoption of clean energy technologies.

The approach proposed in this legislation has a proven record of success that includes the EPA’s implementation of the AIM Act to phase down hydrofluorocarbons (HFCs) and the Acid Rain Program to phase down sulfur dioxide (SO2). Both programs, enacted with strong bipartisan support by Congress, utilize an allowance program to achieve emissions reductions in a certain, orderly, and cost-effective manner.

Bill summary can be found HERE.

Bill text can be found HERE.

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