Washington state Carbon Market Primer

In 2021, the Washington Legislature passed the Climate Commitment Act (or CCA) which establishes a comprehensive program to reduce carbon pollution and achieve the greenhouse gas limits set in state law. The program will start Jan. 1, 2023. The Climate Commitment Act (CCA) caps and reduces greenhouse gas emissions from the state\'s largest emitting sources and industries, allowing businesses to find the most efficient path to lower carbon emissions. This puts Washington on a path to meet the greenhouse gas emission limits set in state law.

Allowance auctions are projected to raise $500 million a year in revenue. Out of which at least 35% will be spent on projects that benefit vulnerable populations. Around 10% must be spent on tribal projects.

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