SB 88 cap and trade

01/23/2023
SB 88 VOTE:NO
No Hearing Assigned yet

Status (overview) of bill:https://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/SB88
Committee assigned to bill:https://olis.oregonlegislature.gov/liz/2023R1/Committees/SNR/Overview

This bill establishes state policy to increase net carbon sequestration and storage in natural and working lands. Requires certain agencies to monitor progress advancing state net carbon sequestration and storage policy and report findings to Oregon Global Warming Commission.

Directs Oregon Global Warming Commission with related agencies to develop natural and working lands net carbon sequestration and storage inventory methods using cap and trade methods for assessing greenhouse gas fluxes but related to land use and changes.

Institute for Natural Resources (may contract with third party) and the Commission with related agencies shall prepare net carbon sequestration and storage baseline and activity based metrics and community impact metrics for net carbon sequestration and storage strategies on jobs, local economies, environmental integrity and public health,

Everything you do and everyplace you go is measured and included. The “Climate-smart agriculture, forestry and conservation practices” covers native ecosystems, vegetation and soils in natural and working lands. Everything you do is cover in reducing carbon emissions and if reduction isn’t possible, then in increasing carbon storage.

Two years ago when a sequestration plan was introduced for planting trees along highways and roads to sequester vehicle carbon, it was rejected by the majority leaders. Now sequestration is their new buzz word.

The bill also provides for Institute for Natural Resources, in coordination with commission, to study workforce and economic development potential of strategies to increase net carbon sequestration and storage in natural and working lands and provide results to the legislature.

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