Testimony for Senate Bill 80
Senate Environment and Natural Resources Committee
February 5, 2009
Senate Bill 80 directs the Environmental Quality Commission to adopt by rule a greenhouse gas cap-and-trade system to achieve greenhouse gas emissions reduction goals. The Oregon version of a cap-and-trade program would be one part of the Western Climate Initiative’s (WCI) regional cap-and-trade program.
There are many problems with implementing a cap-and-trade program in Oregon, but the main issue is that it would create excessive economic burdens and provide little or no environmental benefit. A cap-and-trade program for the state is truly an “all pain, no gain” strategy.