FRESNO (KMJ) – Oregon is about to become the second state after California to adopt a cap-and-trade program..
Supporters call it the United States’ most progressive climate policy.
They say it not only cuts emissions but invests in transitioning the state economy and infrastructure to better prepare for more intense weather events as climate change worsens.
With cap-and-trade, the state puts a limit on emissions and auctions off pollution permits for each ton of carbon industries plan to emit. Only the largest polluters are targeted.
The state aims to reduce emissions to 80% below 1990 levels by 2050.
