Economic Benefits Of Cap And Trade Will Outweigh The Costs In Oregon

A new economic report finds Oregon’s proposed cap-and-trade planwould create thousands of jobs and boost household income while creating only modest increases in energy prices. Moreover, the report concludes, the more aggressive interim cap on greenhouse gas emissions proposed for 2035 would create even more economic benefits than a more gradual decline in emissions from 2021 and 2050.An analysis by Berkeley Economic Advising and Research finds capping greenhouse gas emissions as proposed in House Bill 2020would spur widespread adoption of energy-saving technology by the year 2050.That, in turn, will create significant economic growth, said the research company’s director, David Roland-Holst.