Cap and invest program outlined in House Bill 2020 voted forward by Joint Committee on Ways and Means
SALEM — Oregon’s climate legislation, HB 2020, passed out of the Joint Committee on Ways and Means today and is headed to the House floor for a vote. Oregon is on the cusp of becoming the second state in the nation to adopt an economy-wide carbon market to reduce greenhouse gases.
“Climate change threatens our communities, our economy, our ecosystems, and our way of life in Oregon. We have an enormous opportunity to forge a new path on state-level programs to address this crisis. Oregon can be the log that breaks the jam nationally in creating a tailored statewide program that can meet science-based emissions reduction goals while growing the economy and investing in clean energy solutions, rural and coastal communities, and impacted communities,” said Governor Kate Brown. “Future generations here in Oregon, and across the U.S., deserve us to not just think about their future, but to fight to protect it. I look forward to signing this landmark legislation later this month.”