Oregon lawmakers are considering adopting an economy-wide cap-and-trade program to meet the state’s long-term greenhouse gas reduction goals. On February 4, 2019, the Oregon legislature’s Joint Committee on Carbon Reduction introduced House Bill (HB) 2020, which would direct the creation of the “Oregon Climate Action Program.” While HB 2020 establishes a proposed framework for the program, if enacted, many key program design decisions would be determined by a new state Carbon Policy Office, which would also implement the program.
Expectations are high for passage of the cap-and-trade proposal after Democrats expanded control of the Oregon state legislature in 2018, with a supermajority in each chamber. The proposal also has the support of Democratic Governor Kate Brown. If passed, Oregon would become the second state after California to adopt an economy-wide cap-and-trade program. The legislative session ends on June 30, 2019.