H.R. 125 Summary

• Urges the United States Congress to pass national carbon fee and dividend legislation that imposes a tax on fossil fuel burning and returns revenues to households as dividends.

• Cites climate change impacts anticipated for Hawaii including ocean and air temperature increases, sea level rise, droughts, severe weather, ocean acidification, and wildfires.

• Notes that carbon fee and dividend is supported by over 3,600 economists including 28 Nobel Laureates and 15 former Council of Economic Advisers chairs as the most cost-effective way to reduce carbon emissions.

• Provides that the program can include border adjustments such as carbon-content-based tariffs on imports from countries without comparable carbon pricing to maintain U.S. business competitiveness.

• Directs transmission of certified copies to the President, Vice-President, Speaker of the House, Senate Majority Leader, and Hawaii's congressional delegation.