Make climate investments from carbon credit auction count

HeraldNet.com
HeraldNet.com - Everett and Snohomish County news from The Daily Herald in Everett, Washington

Washington’s landmark cap-and-invest program has begun to generate revenue through its first auction on Feb. 28. More than 6 million credits — each equaling one metric ton of carbon — were auctioned off at $48.50 per credit, generating $300 million to be directly invested in climate solutions. It shouldn’t be overlooked that this will allow the Legislature to make historic investments in new programs and solutions that the state’s general operating and capital budgets would not have otherwise been able. The carbon reduction goals embedded in the law and future auctions will bring a resilient, thriving future within our reach.

Make climate investments from carbon credit auction count
Wire Service