Washington state is holding its first carbon allowance auction on Tuesday, marking a key step forward in a state program that will impose a limit on greenhouse gas emissions and make it more expensive for companies to emit carbon pollution.
The program imposes a statewide limit, or cap, on greenhouse gas emissions. It also requires businesses to purchase pollution allowances that will become increasingly costly and act as an incentive for businesses to curb emissions. Washington's cap-and-invest program was established under the Climate Commitment Act that was signed into law by Gov. Jay Inslee in 2021. The program imposes a statewide limit, or cap, on greenhouse gas emissions. It also requires businesses to purchase pollution allowances that will become increasingly costly and act as an incentive for businesses to curb emissions.
Awesome! Take note TX, AL, TN, KY and SC. I am sure BA, Apple and a few other companies would be happy to move to a business friendly state.