Other dollars could be put toward restoring salmon habitat, accelerating clean-energy projects and helping ease the burdens of pollution on vulnerable communities that are disproportionately affected by carbon emissions.
This year’s deal-making comes after lawmakers and Inslee in 2021 approved Senate Bill 5126, which made Washington the second state, behind California, to adopt a carbon-cap-and-invest program.
Known as the Climate Commitment Act, the new law puts a price on carbon, and businesses that generate fewer emissions than the credits allowed for them are then able to sell those credits to other businesses that are more slowly reducing greenhouse gases. The law is expected to generate between $500 million and $1
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