Oregon lawmakers weigh options for reducing emissions

March 4, 2017 by Billy Hamshaw

(Source: OPB) What’s the best way for Oregon to reduce its contributions to climate change? Supporters and opponents weighed in Wednesday at a legislative hearing on five bills that aim to reduce Oregon’s carbon emissions. Two of the bills under consideration, SB 557 and HB 2135, would create a cap and trade system similar to those already in place in California and several Canadian provinces. Those bills would set limits on carbon emissions and create a market for trading carbon credits.

A third option, SB 748, nicknamed a “cap and penalty” bill, would create a carbon pollution permit program that would collect money from fees and penalties. The funds would be used reduce emissions and help communities adapt to the impacts of climate change.

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