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July 20, 2024
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Drop in Wash. Carbon Price Spells Uncertainty for Budget, Gas Costs
Unexpected Decline in Clearing Price Puts State Off-pace to Meet Revenue Projections
HF Sinclair's Puget Sound refinery was one of the bidders in Washington's first cap-and-invest auction of 2024.
HF Sinclair's Puget Sound refinery was one of the bidders in Washington's first cap-and-invest auction of 2024. | HF Sinclair
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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.

Industrial DecarbonizationWashington