The money raised by carbon pricing should be given back to citizens to compensate us for the costs of climate change that we all pay. That’s revenue recycling. If done properly, carbon pricing plus revenue recycling makes most UK households better off than they were!
Revenue recycling is a central pillar of the Citizens’ Climate Lobby. We campaign for it because we believe there can be no transition to a low carbon economy without taking account of the real-world financial impacts of transition on ordinary citizens.
