Washington Estimates $1.5B in Cap-and-Trade Revenue Through 2024
Cost of Low-Carbon Fuel Standard in Dispute
Washington's cap-and-invest program sets a declining limit on carbon emissions in the state and requires businesses to obtain allowances equal to their covered greenhouse gas emissions. Allowances can be obtained through quarterly auctions or through a secondary market. | Washington Department of Ecology
Jan 18, 2023
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Washington officials said cap-and-trade auctions could raise $1.5 billion through FY 2024 while new fuel standards will boost gas by about one cent per gallon.
