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Oregon showing interest in BC's carbon tax

OREGON (NEWS1130) – BC’s environment minister is going to Oregon to discuss the province’s carbon tax.

Terry Lake has been invited to speak with business and policy leaders as the state shows interest in possibly implementing the tax as a source of revenue.

“Oregon has shown a lot of interest in revenue-neutral style of carbon tax, as has Washington State for that matter. This is an opportunity to go and meet with business leaders in Portland and then in Salem, Oregon,” he says.

Lake says legislators in Oregon need to go into this with their eyes wide open.

“Even though 65-70 per cent of British Columbians, in poll after poll, indicate support for the carbon tax, there’s still some resistance,” Lake says.

“When it comes to the individual having to pay it, that resistance is always going to be there,” he adds.

On March 19, Lake will speak at the Portland State University. The next day, Lake will testify before a joint hearing of the Senate Finance and Revenue Committee and House Revenue Committee in Salem.

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Geoff de Ruiter

Hello, Myself and a colleague have written a proposal for the BC Carbon Tax that, in our opinion, makes better use of the money, maintains it’s revenue neutrality, and greatly facilitates the energy efficiency and renewable energy industry. Our article was just published on another prominent cite called cleantechnica today. http://cleantechnica.com/2013/03/19/the-carbon-pace-bond-making-clean-energy-investment-irresistible/

This program builds upon two existing programs -the BC carbon tax, and newly initiated pay-as-you-save program for energy efficiency- by leveraging part of the carbon tax to support the interest (6%) on a popular energy conservation mechanism known as a Property Assessed Clean Energy (PACE) Bond. BC citizens can invest in the bond with a 6% interest rate, while home owners receive a no interest, pay-as-you-save loan for energy efficiency. The synergies of the proposal would make this mechanism highly effective at developing a pool of low-cost capital for reducing energy use, switching to renewable fuels, and in turn, reducing energy costs for any income level.

March 19, 2013 at 8:17 pm