Carbon trading programs have recently been implemented in Europe, and proposals for other regional schemes have been discussed in other jurisdictions. Carbon trading is grounded in sound theory, yet it is subject to numerous implementation problems. Market-based carbon trading programs, while providing some level of economic efficiency, suffer from a number of disadvantages compared to other carbon-reduction schemes. The European experience to date provides an excellent opportunity to investigate the costs and benefits of climate policy and establish whether or not Oregon should (more…)
Oregon’s carbon dioxide emissions are already so low that voluntarily participating in a multi-state carbon-trading venture would only be a costly scheme with dubious environmental and economic benefits. (more…)
The Portland City Council recently approved an initiative mandating the sale of ethanol-blended gasoline and biodiesel within city limits. However, this plan is unlikely to result in environmental benefits and will impose significant costs on Portland residents and businesses.