Washington Lawmakers Pass Bill to Establish Cap-and-Trade Program

The Washington legislature on April 24 passed legislation aimed to reduce greenhouse gas emissions by implementing an economy-wide cap-and-invest system. Upon enactment, Washington will become the second state – next to California – to have a comprehensive carbon-pricing program. The state would auction carbon allowances starting in 2023, aligned with the 2030, 2040, and 2050…...