The cap-and-invest system aims to decrease carbon emissions and finance climate change mitigation measures across the state. Under the program, carbon-emitting corporations – like oil and gas companies and utilities – bid on state allowances for the pollution emitted by their facilities. The money raised in the auction is earmarked for projects and programs aimed at lowering the carbon footprint.
If the repeal vote is successful, the $625,000 in this appropriation disappears. It is not scheduled to go into effect until Jan. 1, 2025.
Fisher estimated that the studies could take a year to a year and a half to complete, depending on the scope of the research contract.
While
→ Continue reading at Crosscut
