Washington’s First Carbon Auction Raised Almost $300 Million

The first auction of greenhouse gas allowances under Washington’s cap-and-invest program generated $299.9 million, according to a March 28 press release from the state’s Department of Ecology. The auction, held on Feb. 28, sold nearly all of the 6.2 million allowances that were offered at a settlement price of $48.50, more than double the floor…...