OLYMPIA — The Senate budget committee Monday rejected a Republican proposal to set aside $32 million to reimburse farmers paying cap-and-trade surcharges on fuel used to transport agricultural products. Sen. Mark Schoesler, R-Ritzville, said the Inslee administration has failed to keep cap-and-trade from raising farming costs, as was promised in the Climate Commitment Act passed […]
News
Editorial: Carbon credit auction is a perilous experiment
Anyone who maintains that Washington’s carbon credit mandate will have a minimal impact on consumers need only look at the results of the first auction. The take — $299.7 million — was 50% higher than the state had estimated. Some 6.18 million carbon allowances sold for $48.50 each, the Department of Ecology announced one week […]
State eyes $300M haul from first-ever carbon emission auction
OLYMPIA — The state’s first-ever auction of pollution allowances generated roughly $300 million for programs to reduce greenhouse gas emissions and combat the effects of climate change in Washington. … The 2021 Climate Commitment Act created a cap-and-trade program aimed at getting the state’s largest polluters to reduce emissions. Under the program, the state places […]
WA’s first greenhouse-gas-allowance auction raises estimated $300 million
Washington’s first auction of greenhouse-gas pollution allowances raised an estimated $300 million in a closely watched sale as companies, consumers and the Legislature get their first glimpse of the cost of emitting in the state. The Department of Ecology announced Tuesday it had sold all of its almost 6.2 million allowances, each representing one metric […]
No relief in sight from cap-and-trade for Washington farmers
OLYMPIA — Talks between the Washington Department of Ecology, farm groups and fuel producers and distributors have been fruitless, leaving farmers overpaying for fuel because of the state’s recently enacted cap-and-trade law. Cap-and-trade costs are being passed down to farmers, even though lawmakers exempted from the program fuel used to produce and transport farm goods. […]