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Washington State Carbon Cap and Trade

Washington Cap and Invest

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Carbon Cap-and-Trade / Washington State

Meet your compliance obligations through an efficient strategy to lower carbon emissions while supporting your company objectives.

 

Supporting: Industrial facilities, in-state electricity producers, electricity importers, natural gas distributors, and fuel suppliers.

food_processorsFood Processors

cement_refineriesCement Refineries

oil_refineriesOil Refineries

paper_millsPaper Mills

 

 

Washington Climate Commitment Act

The State of Washington has recently launched a new "cap-and-invest" program to reduce greenhouse gas emissions and combat climate change.

The program is similar to those implemented in California and the Northeast United States. It sets a cap on the total amount of carbon emissions that can be released by covered entities, such as power plants, industrial facilities, fuel suppliers, natural gas and electric utilities, waste-to-energy facilities (starting in 2027), and railroads (starting in 2031). These entities are then required to purchase allowances equal to their covered greenhouse gas emissions.⁣⁣

 

Reinvest in Clean Energy Programs

The program is administered by the Department of Ecology ⁣⁣— they are responsible for setting the cap, issuing allowances, and enforcing compliance.

The proceeds from the sale of allowances will be invested in clean energy and energy efficiency programs to further reduce greenhouse gas emissions.⁣⁣
⁣⁣
The first emissions allowance auction will take place in the second half of February 2023. If all goes according to plan, Washington’s emissions will drop to 95% below 1990 levels by 2050, an even steeper cut than California’s, which aims for an 80% reduction by the same year.⁣⁣

 

From extraction to combustion, we can help you meet decarbonization goals to stay ahead of cap-and-trade and clean fuel standard initiatives.

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