Washington state’s second-quarter carbon allowance auction on May 31 will offer 11.1 million Washington Carbon Allowances — a 77% increase from the first quarter — reflecting a reduction in the number of allowances previously allocated to utility providers covered under the new cap-and-invest p...
The settlement price for current vintage allowances inWashington state's Auction #3 of its cap-and-invest programjumped 12.5% quarter on quarter, once again triggering anAllowance Price Containment Reserve auction, as organizersconsider linking programs with other jurisdictions.Kassia Micek...
Washington Cap and Invest Program Raises Gas Prices to Highest in the Nation. Washington Residents can hold onto their hats as they experience the highest gas prices in the nation, with some regions seeing $5.49 a gallon for gasoline, and higher prices for Diesel. Read More...2023...
The Washington law, enacted in May 2021, created a market for carbon emissions from the state’s largest polluters. Through what the state calls its cap-and-invest program, it holds four auctions a year, where companies regulated under the program can buy allowances for carbon emissions. The ...
The bill requires CARB to develop and adopt a comprehensive plan for achieving real, quantifiable and cost-effective GHG emission reductions, including a statewide GHG emissions cap, mandatory reporting rules, and regulatory and market mechanisms to achieve reductions of GHG emissions. CARB is a ...
Washington state's first Allowance Price Containment Reserve auction of its cap-and-invest program sold all of the 1,054,000 allowances offered, after being triggered during the May 31 auction. The APCR auction was triggered when the settlement price for current vintage allowances in Auction 2 ...