When it was only a invoice, we labored alongside many companions and legislative champions advocating for the CCA to be as sturdy and equitable as doable. Because the legislation takes impact this winter, all of us — together with you! — can proceed to talk as much as assist it reside as much as its promise to communities throughout our state.
The CCA gives three key pathways to fulfill our state’s purpose of Internet Zero carbon emissions by 2050:
The Cap & Make investments program places a declining cap on the emissions huge companies working in Washington are allowed to emit every year. These companies can purchase or commerce credit to exceed the cap quickly, whereas working towards the identical Internet Zero purpose by 2050. This program will elevate income by means of the usage of allowances, with restricted flexibility for the usage of each allowances and offsets.
What are allowances + offsets?
1 allowance = 1 metric ton of greenhouse fuel (GHG) emissions