The Washington state Department of Ecology (Ecology) has just conducted its first auction of greenhouse gas (GHG) emission allowances, under the state’s Climate Commitment Act (or CCA) which establishes a comprehensive, market-based program to reduce carbon pollution and achieve greenhouse gas limits set in state law. The CCA was one of a package of climate-related laws passed in 2021, including the Clean Fuel Standard, and an expanded hydrofluorocarbons management program. The remainder of this note discusses CCA and the recent sale of GHG allowances.
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Washington conducts first sales under its new state greenhouse gas cap-and-invest program
Posted by Jon Elliott on Mon, Mar 20, 2023
Tags: Greenhouse Gas, ghg, greenhouse, CO2 Emissions, Washington, CCA