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April 17, 2024

carbon allowance

Port of Seattle
Calif., Quebec, Wash. to Explore Linking Carbon Markets

Washington could be closer to joining the California-Québec carbon market after the three governments issued a statement saying they will explore linking their cap-and-trade systems.

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Bill to Link Wash. Cap-and-trade with Calif.-Quebec Passes Both Houses
Washington’s Democratic-controlled House of Representatives approved a bill that will allow the state’s cap-and-trade program to link up with the system shared by California and Quebec.
Washington Senate Democrats
Bill Would Integrate Wash. Cap-and-trade with California-Quebec Program

A bill to link Washington’s cap-and-trade program with the California-Quebec combined system drew no immediate opposition when it was introduced, but did collect several requests for technical changes.

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Group Says Inslee, Dems Knew About Cap-and-invest Impact
A Seattle-based conservative think tank says the Washington governor knew nearly a decade ago that a cap-and-invest program in the state would increase gas prices.
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Wash. Cap-and-trade Opponents Advance Repeal Petition to Sec. of State

Opponents of Washington’s fledgling cap-and-trade program have delivered 418,399 signatures to the Secretary of State’s office in a push to repeal the program.

University of Washington
Washington’s 2nd Cap-and-trade Reserve Auction Raises $259.5M
Washington's Nov. 8 cap-and-trade auction cleared all 5 million carbon emissions allowances put up for bid at a Tier 1 price of $51.90 the state's Ecology Department said. 
Washington Dept. of Ecology
Analysis Favors Wash. Linkage with Calif. Cap-and-trade Program
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.
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Wash. Weighs Joining California-Quebec Cap-and-trade Program

Washington state officials expect to soon decide whether to join the California-Quebec cap-and-trade program.

Port of Grays Harbor
Wash. Allowance Prices Surge Again in 3rd Cap-and-trade Auction
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.
350 Tacoma
Wash. Raises $62.5M from Cap-and-trade Reserve 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.

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