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Washington State sets out carbon trading plans

Posted on 22 December 2014

Washington has become the latest state to reveal plans for a mandatory carbon trading scheme, after Governor Jay Inslee last week published proposals for a new cap-and-trade market. A policy briefing published by the governor’s office detailed plans to introduce the emissions trading scheme from July 2016, requiring an estimated 130 industrial facilities and fuel distributors to purchase carbon allowances.
“Governor Inslee’s Carbon Pollution Accountability Act requires, for the first time, major polluters to pay for their carbon pollution,” the briefing states, adding that the legislation means emitters “can either invest in cleaner technology and improve their operation efficiency or simply pay for allowances whose cost will grow over time”………………………………………..Full Article: Source


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