The presentation agenda includes discussing the project context, method, results, and conclusions. The project context examines two research questions around implementing a tax or cap and trade program in Oregon and considers how this may impact alignment with surrounding states and Oregon's goals. The project method and results sections are not described. The results discussion compares emissions allowance programs in British Columbia and RGGI to tax programs, noting jobs and economic growth. The conclusions state that carbon pricing can work in Oregon through both cap and trade and a tax, and that design is critical, including managing revenue and considering complementary policies.

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2. Presentation Agenda
 Project Context
 Project Method
 Results
 Results Discussion
 Conclusions
 Q&A
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3. Project Context
C&T?
C&T
Tax?
2 research questions:
What might happen if Oregon chooses a tax?
What might happen if Oregon chooses cap and trade?
2 concerns:
• Isolation from surrounding C&T states
• Alignment with state goals
3

4. Project Context
In addition, Oregon legislators care about:
• Jobs
• Economy
• Social Justice
4

5. Project Context
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6. Project Method
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7. Results
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EU RGGI BC AU CA OR WA
Strong personal
leadership
X X X X X
Clear threats
from climate
change
X X X X X X X
Commitment to
climate action
(goals)
X X X X X X
Support for
action from
outside
government
X X X X X X

8. Results
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9. Results
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10. Results Discussion
BC Tax:
RGGI:
?
Emissions allowances
Jobs and
economic
growth!
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11. Conclusions
 Carbon pricing can work in Oregon
 We don’t have to choose between cap and trade or
a tax- we can have both
 DESIGN is critical! Best Practices:
• Manage revenue responsibly and link revenue to GHG reduction
• Consider complimentary policies
• Plan for politics!
• Start simple and increase complexity over time
• Prioritize transparency and validity
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12. Washington Update
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 Climate Executive and Legislative Workgroup
(CLEW) split down party lines in 2013
 Gov. Inslee issued an executive order on climate in
April 2014
 New Carbon Emissions Reduction Taskforce (CERT) is
charged with recommending a policy design to the
legislature; cap and trade, carbon taxation, and
hybrid approaches are all under consideration

13. Conclusions
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14. Thank You!
 Questions?
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