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Washington Showcases Climate Auction Success - The Environmental Council of the States (ECOS)
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Washington Showcases Climate Auction Success - The Environmental Council of the States (ECOS)
Last week, the Washington State Department of Ecology (Ecology) released results of its tenth auction of greenhouse gas emissions allowances as part of its Cap-and-Invest Program to reduce climate pollution. The auction sets an annual cap on greenhouse gas emissions and gives businesses the option to compete for a limited number of allowances to cover the carbon dioxide they release into the atmosphere. Ecology lowers the cap over time by reduci…
The advance of climate change is such that the scientific community and public policy makers agree on a crucial warning: reducing greenhouse gas emissions is no longer enough. To meet the Paris Agreement’s objective – limiting global warming to a maximum of 2°C above pre-industrial levels – it will also be necessary to eliminate some of the CO2 already accumulated in the atmosphere. This complex and urgent task requires the simultaneous combinat…
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