cap-and-trade
Washington’s Democratic leaders struck back at critics who blame the state’s 6-month-old cap-and-trade program for producing the highest gasoline prices in the U.S.
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.
A pumped storage site, solar farms and agrivoltaic ventures are among the projects receiving funding from the state's cap-and-trade fund.
Walter Siegmund, CC BY-2.5, via Wikimedia
Two state senators introduced a bill to provide farmers and haulers of agricultural products relief from costs arising from the state's cap-and-trade program.
Washington’s Department of Ecology confirmed that it raised almost $300 million from the state’s first quarterly cap-and-trade auction held in February.
Washington carbon allowance prices will increase sharply as the state’s cap-and-trade program becomes better established, carbon market analysts said.
Washington’s first cap-and-trade auction earned the state nearly $300 million in revenue and unloaded all allowances on offer.
Washington’s first cap-and-invest auction took place Tuesday, but initial results will not be released until March 7.
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