The Community Climate Investment Oversight Account is established, separate and distinct from the General Fund. The account consists of moneys deposited into the account under ORS § 468A.295 and moneys transferred or appropriated to the account by the Legislative Assembly. Interest earned by the account shall be credited to the account. All moneys in the account are continuously appropriated to the Department of Environmental Quality and may be used only to pay the costs of administering and overseeing those portions of the climate protection program related to community climate investments. [2023 c.442 § 81]

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Section 52, chapter 442, Oregon Laws 2023, provides:

(1) The Department of Environmental Quality, in consultation with the Oregon Climate Action Commission, shall evaluate opportunities to reduce Oregon’s consumption-based greenhouse gas emissions. The department shall present its findings in a report submitted in the manner provided in ORS § 192.245, and may include recommendations for legislation, to the interim committees of the Legislative Assembly related to the environment, and the commission, no later than September 15, 2024.

(2) The report under this section must:

(a) Update Oregon’s consumption-based greenhouse gas emissions inventory;

(b) Identify opportunities to reduce consumption-based greenhouse gas emissions through materials management or other state programs or policies;

(c) Include recommendations for regularly updating the consumption-based greenhouse gas emissions inventory; and

(d) Evaluate the effects of consumption-based greenhouse gas emissions reductions, taking into account economic, social and environmental factors. [2023 c.442 § 52]

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