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Oregon’s proposed cap-and-trade plan would increase household income, create jobs and grow the state’s economy, according to a new economic report to the Oregon Legislature.
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The plan is massively ambitious and faces political blockades. Proponents believe it's what's necessary to start saving the world from the threat of climate change and to reshape the U.S. economy.
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Oregon lawmakers are taking up legislation that would make Oregon the second state after California to adopt an economy-wide cap-and-trade system for greenhouse gas emissions.
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Climate change is playing out in significant ways in Oregon in the form of more severe wildfires, lower summer stream flows and diminishing winter snowpacks.