Carbon Pricing

2015 Oregon HB 3470: the Climate Stability & Justice Act

2015 Oregon HB 3470: the Climate Stability & Justice Act

Sets a framework to fairly phase out fossil fuels and meet existing Oregon greenhouse gas emission reduction goals for 2020 and 2050.  Uses multiple consulting bodies to develop an action plan and timeline based on best science and to provide social and economic benefit to historically underserved and underrepresented communities.  The action plan may include regulations and market-based compliance mechanisms, such as an enforceable safety cap.