Washington could be closer to joining the California-Québec carbon market after the three governments issued a statement saying they will explore linking their cap-and-trade systems.
Washington’s first quarterly carbon allowance auction of 2024 has thrown two new wrinkles into the economics of the state’s fledgling — and controversial — cap-and-invest program.
A former Washington DOT economist is suing the state over allegations he was forced out of his job because his superiors did not like his forecasts showing that gas prices would jump under cap-and-invest.
The power industry is facing an increasingly delicate balancing act as policies drive some generators to retirement, while major new loads are popping up and making planning more difficult.
Washington’s Democratic-controlled House of Representatives approved a bill that will allow the state’s cap-and-trade program to link up with the system shared by California and Quebec.
The momentum created by billions of dollars in federal incentives and tax credits has been tempered by supply chain constraints and the impacts of inflation and higher interest rates.
Clean energy policies funded by the IRA and IIJA have been key to the U.S. economy’s strong performance, Energy Secretary Jennifer Granholm said at the National Press Club.
Washington legislators are proposing to give the state’s utilities $150 million to be rebated back to residents to help them defray costs associated with the state’s cap-and-invest program.
The specter of a November referendum on Washington’s cap-and-invest program hovered over the state Senate when it passed a bill to link the program with the California-Quebec system.
