Washington Department of Ecology (WA ECY)
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.
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.
Critics of Washington’s cap-and-trade system blame it for the state's high gas prices, but defenders say other factors are at play too.
Washington’s second cap-and-trade auction netted more than $557 million in revenue after bidders bought all 11.035 million carbon allowances on offer last week.
Washington is aiming to auction off enough cap-and-trade credits to cover more than 11 million metric tons of carbon emissions.
In approving a water quality certificate for a pumped storage project along the Columbia, Washington sparked protests from area tribes and some environmental groups.
Want more? Advanced Search










