Oregon regulators are studying how to design an economywide carbon cap-and-trade system that would be able to link with other similar programs in neighboring states and provinces. While a bill to actually implement a cap-and-trade system eluded state lawmakers in the legislative session that ended in March, they did direct the state Department of Environmental Quality to study "a market-based approach to controlling greenhouse gas emissions." DEQ staff are beginning the study now and said Friday that they plan to start with the assumption that they would be linking markets with California, Quebec and other members of the Western Climate Initiative, the U.S.-Canadian subnational carbon-trading alliance.
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Scientific American