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Washington Adopts Economy-Wide Climate Legislation: "Cap-and-Invest" Approach Sets a Price For Carbon Emissions And Allows Washington To Join Existing Emissions Credit Markets | Beveridge & Diamond PC jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
To print this article, all you need is to be registered or login on Mondaq.com. 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 ....
To embed, copy and paste the code into your website or blog: 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. ....
Governors Wind Energy Coalition Inslee unveils climate proposals ahead of full budget plan Source: By Rachel La Corte, Associated Press • Posted: Thursday, December 17, 2020 Washington Gov. Jay Inslee (D) on Tuesday announced several climate-related proposals for the next legislative session, including fully reinstating a plan to cap carbon pollution in the state. “We can fight climate change, and we can create good-paying jobs by transitioning to a cleaner energy economy,” Inslee said at a news conference announcing his plan. “We know these actions are required now. We cannot kick this can down the road anymore.” In January, the state Supreme Court ruled that the state’s Clean Air Rule cannot apply to companies that sell or distribute petroleum or natural gas because they don’t make their own emissions other people burn the fuel they provide. The state Department of Ecology only has the authority to regulate “actual emi ....
By RACHEL LA CORTE Associated Press OLYMPIA Washington Gov. Jay Inslee on Tuesday announced several climate related proposals for the next legislative session, including fully reinstating a plan to cap carbon pollution in the state. In January, the state Supreme Court ruled that the state s Clean Air Rule cannot apply to companies that sell or distribute petroleum or natural gas because they don t make their own emissions other people burn the fuel they provide. The Department of Ecology only has the authority to regulate “actual emitters,” like refineries, power plants, factories and other big polluters. But about three-quarters of the emissions that would have been covered by the rule came indirectly from petroleum and natural gas importers and sellers. ....