Washington expects to collect $941 million in extra cap-and-invest program money in the first half of 2024, bringing overall income to roughly $3 billion in the first 18 months.
A recently retired state economist has filed a claim against Washington, alleging he was ordered not to include cap-and-trade costs in a revenue forecast, leading to him to leave his position with the agency
Opponents of Washington’s fledgling cap-and-trade program have delivered 418,399 signatures to the Secretary of State’s office in a push to repeal the program.
Washington's Nov. 8 cap-and-trade auction cleared all 5 million carbon emissions allowances put up for bid at a Tier 1 price of $51.90 the state's Ecology Department said.
The state will tentatively seek to link its cap-and-trade program with the California-Quebec carbon market in an effort to reduce the financial impact of pricing carbon in its economy.
Washington's Department of Agriculture is mulling a petition by the EV charging industry to eliminate a state requirement that public chargers contain a credit card chip reader for payments.
A decision by Washington to link its cap-and-trade program to the one shared by California and Quebec should benefit participants in both systems, according to preliminary analysis by the state.
