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A cap-and-trade program for the state is truly an “all pain, no gain” strategy.
22% of this is emitted in the United States, and of that Oregon represents 0.7%.Another independent economic analysis was undertaken assessing the potential costs to the entire WCI region and Oregon if cap-and-trade were to be implemented.“The Economic Analysis of the Western Climate Initiative’s Regional Cap-and-Trade Program” was written and prepared by the Beacon Hill Institute (BHI) at Suffolk University.Although still in its draft form, the authors found that the WCI’s projections of tens of billions of dollars of annual savings are incomplete and biased at best.
Even using the WCI’s own projections for increases in fuel costs, BHI found that implementing cap-and-trade along with the suggested complementary policies will decrease employment, personal income, and disposable income.
If all of the seven states included in the Western Climate Initiative’s cap-and-trade program completely reduced their emissions to zero immediately and continued this into the future, by 2050 there would be only a 0.014 degree Celsius change in global temperature.