Utah House Bill HJR011

Utah 2023 Regular Session

• Introduced: 1/30/23
• Failed: 3/3/23

Caption

Joint Resolution for Establishing a State Social Cost of Carbon

Impact

The HJR011 will have a considerable impact on state laws concerning environmental regulation and policy-making. By establishing a state-level SCC, the legislature intends to facilitate a comprehensive approach to understanding the costs associated with carbon emissions. This includes accounting for various damages from climate change, such as increased agricultural costs, human health impacts, property damage from flooding, and changes in energy costs. The legislation supports policy design, including the potential implementation of a state carbon tax, which could serve as a tool for reducing carbon output effectively.

Summary

HJR011, also known as the Joint Resolution for Establishing a State Social Cost of Carbon, aims to address the significant environmental implications of greenhouse gas emissions in Utah. The resolution recognizes the vital role of these emissions in driving global climate change and highlights the economic, human, and natural system risks posed by such changes. By resolving to develop and adopt a state social cost of carbon (SCC) estimate, HJR011 seeks to provide lawmakers with a tool for evaluating the consequences of carbon dioxide emissions and taking informed decisions on environmental policy.

Contention

There may be points of contention surrounding HJR011, particularly regarding the potential for imposing a carbon tax and the broader implications for businesses operating in Utah. Supporters will argue that the resolution promotes necessary environmental stewardship, while opponents may express concerns about the economic impacts and the feasibility of such regulations on local businesses. This lively debate could reflect the larger national conversation on climate action and the appropriate strategies for reducing greenhouse gas emissions.