Is it Time for Carbon Taxes at the State/Provincial/City Sub-national Level?

Economic and Emissions Impacts of a Clean Air Tax or Fee in Oregon (SB306)  (169 page pdf, Legislative Revenue Office, State of Oregon, Dec. 2014)

Also discussed here: Time to talk carbon tax: Conversation kicks off with Medford rally, report from PSU (Wendy Culverwell, Portland Business Journal, Dec. 5, 2014)

And here: Carbon Tax and Shift: How to make it work for Oregon’s Economy.  (36 page pdf, Liu, Jenny H. and Renfro, Jeff, Northwest Economic Research Center Report, Mar. 1, 2013)

And here: Lima Call for Climate Action Puts World on Track to Paris 2015 (Press Release, United Nations Framework Convention on Climate Change, Dec. 14, 2014)

And here: NAZCA- The Non-state Actor Zone for Climate Action (Cooperative And Individual Actions On Climate Change In Partnership With Countries , United Nations Framework Convention on Climate Change, Dec. 2014)

On the eve of the UN’s last Conference of the Parties (COP20) in Lima which aimed to lay out a path to achieve the major reductions in carbon emissions needed by 2050, we review the plans and analyses of a state in the northwest USA. Oregon is considering a levy that would reduce its emissions to 1990 levels by 2030 at $100/ton tax. Detailed economic impacts include the gain in revenue of over $2B at a carbon tax of only $60/ton. Potential negative impacts such as reduced tourism income or a loss of competitiveness with neighboring states were found to be small or insignificant. This is precisely the kind of effort needed by sub-national entities to be able to make long and short term commitments which would reduce the severity of climate change impacts.

oregon carbon tax

To see Key Quotes and Links to key reports about this post, click HERE



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