Clean Energy Jobs: Investing in Oregon

Transcription

1 Clean Energy Jobs: Investing in Oregon Jana Gastellum Program Director, Climate Oregon Environmental Council Sustainable Northwest Energy Forum October 16, 2017

2 OEC: Who We Are For nearly 50 years we ve been a champion for solutions to protect the health of every Oregonian and the health of the place we call home. Our program work: Protect kids health from toxic pollution; Support clean & plentiful water; Slow global warming; Build a sustainable economy. We help individuals live their values; We partner with professionals businesses, farmers and health providers to help them thrive with sustainable practices; We work with elected officials and partners to create practical and equitable policy.

3 Collaborating to Advance Oregon s Clean Energy Economy

4 Malheur County Oregon Experience Klamath County Sherman County Coastal Counties

5 Economic Competitive Rationale

6 Economic and Climate Stability Resources/Assistance Long-term Approach Flexibility Cooperation Opportunity throughout OR Tailored approach for Oregon

7 Clean Energy Jobs bill Cap and Invest Program Market-based Multi-sector Multi-state Flexible Cost-effective Well-balanced approach

8 Market-based System Every year, Oregon will put a certain number of allowances up for sale at an auction. That amount shrinks from year to year. That s how the cap gets smaller. Emitting businesses have to buy the proper number of allowances for each ton of pollution they emit. They will make cost-effective business decisions based on the price of those permits. Basic supply and demand dynamics will drive the market price for allowances.

9 Multi-sector: Only largest emitters covered (Over 25,000 MT) NOT covered: farm operations, forests, livestock, small business

10 Balanced Approach Competitiveness of energy-intensive, trade-exposed (EITE) businesses o Provisions to guard against leakage o EITE designation needs to be data-driven and tailored o Designation should be re-examined periodically Offsets o Certified reductions from uncapped sectors. Creates opportunities for ag, timber, dairies Banking Trading

11 Benefits of Regional Participation Economies of Scale Peer-to-peer learning Cost-savings More even playing field

12 Tested strategy: 9 Northeastern States have seen increased economic growth, decreased emissions Carbon pricing studies in Oregon have shown economy keeps growing. (NERC Carbon Tax study and DEQ GHG Market study)

13 CA Experience: Decoupling Growth from Fossil Fuels 15.00% Changes Since AB32 Enacted in % 5.00% 0.00% -5.00% % % Electricity Petroleum Population Employment GDP GHG emissions consumption consumption Change 7.40% 7.80% 12.40% -1.50% -7.30% %

14 Major Business Support: CA The California Chamber of Commerce support readoption of California s Program AB 398 will provide the least costly path to achieving our climate goals. The balanced, well-designed cap and trade program in AB 398 is essential to reducing the costs of California s greenhouse gas reduction goals. The measure will help California maintain a healthy economy that produces well-paid, middle class jobs. -Chamber President Allan Zaremberg, August 13, 2017

15 Investment Opportunity for Oregon

16 Investment Opportunity

17 Investment Examples Purpose of bill: Reduce GHGs, create climate/economic resiliency Resiliency upgrades for critical infrastructure (roads, irrigation) Low-/no-carbon energy (community solar) Efficient and affordable housing More transit options for people all over the state Job training for workers to thrive in the new clean economy

18 Priorities for Investment Most impacted communities those individuals or communities most vulnerable to climate impacts. Economically distressed areas rural areas. Mitigate any negative impacts. Create benefit and opportunity.

19 Discussion & Thank You Jana Gastellum x. 107

20 Threshold for Inclusion