Agenda Packet 6-17-19 Work Session

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Eugene CAP 2.0 – CRO Reduction Forecast Gaps Analysis Page 4 these improvements will presumably be recovered by the seller during the sales process as home buyers value the energy score favorably when comparing properties. After the sale the home buyer will benefit from reduced operational energy costs. The net of these financial transactions is difficult to quantify given currently available data. • Action 13 o Additional cost information for infrastructure and City staff time is unavailable for Eugene TSP “What if” scenarios. • Action 14 o Costs for passenger vehicles were assessed thoroughly during the development of City of Eugene’s Fleet Internal Climate Action plan. Downloaded 1/19 at https://www.eugene- or.gov/DocumentCenter/View/38211. The analysis compared new vehicle purchase prices, fuel use, and vehicle maintenance for plug in electric vehicles (EV) versus an internal combustion engine vehicle that gets 35 miles per gallon. o With Federal and State tax credits it was found that an EV could save about $9,000 over the life of the vehicle from reduced fuel and maintenance costs. • Action 15 o For comparison, current CA market prices are $15 per tonne (https://www.arb.ca.gov/cc/capandtrade/auction/results_summary.pdf) o At $15 / metric tonne the emissions reductions in 2030 as a result of Cap-and-invest (about 80,000 MT CO2e) have a market value of about $1.2 million, or about $18 per Eugene household annually. • Action 16 o Costs for the Oregon Cap-and-Invest program are dependent on have GHGs are valued within the program’s systems in order to achieve program goals. o For comparison, current CA market prices are $15 per tonne (https://www.arb.ca.gov/cc/capandtrade/auction/results_summary.pdf) o At $15 / metric tonne the emissions reductions in 2030 as a result of Cap-and-invest (about 430,000 MT CO2e) have a market value of about $6.5 million, or about $100 per Eugene household annually. June 17, 2019, Work Session – Item 2