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Greenhouse Gas Emissions Cap-and-Trade Program Enacted By Washington Legislature - Environment

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The Washington Legislature passed Senate Bill 5126, the Climate Commitment Act,
on April 24, 2021, which establishes a greenhouse gas emissions
cap-and-invest program for utilities, industrial facilities, and
other operations with greater than 25,000 metric tons of emissions.
Covered entities will be subject to a statewide emissions cap that
decreases over time to match the state s goal of net-zero
emissions by 2050. Under the Climate Commitment Act, the Washington
State Department of Ecology (Ecology) will seek to link the
cap-and-invest program s market for emissions allowances and
offsets with California s cap-and-trade program. Revenue from ....

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Greenhouse Gas Emissions Cap-and-Trade Program Enacted by Washington Legislature | Perkins Coie

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The Washington Legislature passed Senate Bill 5126, the Climate Commitment Act, on April 24, 2021, which establishes a greenhouse gas emissions cap-and-invest program for utilities, industrial facilities, and other operations with greater than 25,000 metric tons of emissions. Covered entities will be subject to a statewide emissions cap that decreases over time to match the state’s goal of net-zero emissions by 2050. Under the Climate Commitment Act, the Washington State Department of Ecology (Ecology) will seek to link the cap-and-invest program’s market for emissions allowances and offsets with California’s cap-and-trade program. Revenue from Washington’s program is intended to fund emissions reduction projects, emphasizing projects in communities overburdened by the impacts of climate change and air pollution. ....

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