Oregon Cap and Trade Moves Forward

corvallisadvocate.com - 05-20

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House Bill 2020 (HB 2020), Oregon’s expansive cap-and-trade bill, passed out of the Joint Carbon Reduction Committee along party lines in an 8-5 vote this week. Cap and trade is a market-based climate regulation policy which treats carbon emissions as a commodity, and allows government to sell licenses for companies to produce certain amounts of carbon emissions up to a “cap,” which would decline each year until the desired change in total emissions levels.