[9] The plan proposes taxing fossil fuels companies on carbon emissions and paying out rebates to Americans.

[10] The proposal includes four pillars:[11] In 2019, the Climate Leadership Council organized the Economists' Statement on Carbon Dividends, which was signed by over 3,500 U.S.

[13] The council also assembled a group of executives, environmentalists and financial experts to advocate for their carbon dividends plan as a way to reduce greenhouse gas emissions to the bipartisan Senate Climate Solutions Caucus.

[14] In addition to lowering CO2 emissions, research and modeling has shown that the plan would also generate $1.4 trillion in new capital investment in innovation[5][15] and create 1.6 million new jobs by 2035 in clean-energy technologies like electric vehicles, solar panels, carbon capture technologies, and offshore wind farms.

[20] The council has published numerous polls showing bipartisan support for action to address climate change and for a carbon dividends solution.