cap-and-trade
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.
A meeting of CAISO’s Greenhouse Gas Coordination Working Group illustrated the complexity Western stakeholders confront in addressing greenhouse gasses in the region’s expanding electricity markets.
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.
Washington state officials expect to soon decide whether to join the California-Quebec cap-and-trade program.
The suit by a conservative group attempted to halt the state’s cap-and trade program by eliminating Department of Ecology’s rulemaking authority.
Oil companies are increasingly resisting climate change measures, Washington Gov. Jay Inslee and a panel of climate experts told a group of University of Washington engineering students.
Allowance prices continued to rise after the state’s latest cap-and-trade auction cleared at $63.03, up nearly 13% from the previous auction.
Washington’s first cap-and-trade auction from the program’s Allowance Price Containment Reserve raised almost $62.5 million, the Ecology Department said.
Washington held a special cap-and-trade auction intended to help keep carbon costs in check after May’s quarterly auction cleared at an unexpectedly high price.
Let’s Go Washington is collecting signatures on a petition asking the state Legislature to repeal the cap-and-trade program, which went into effect this year.
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