Government officials estimate it will cost nearly $44 billion to fulfill the state's climate law, which aims to stop powering the state with polluting fossil fuels and reduce 85 percent of greenhouse gas emissions below 1990 levels by 2050.
Less than a year into Washington's cap-and-invest program, the state will explore linking its carbon market with California's first-in-the-nation program. Both require companies to buy.
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.
New York agencies kicked off the first in a series of webinars dedicated to explaining and seeking comment on the state’s proposed cap-and-invest program.