PHOTO: Cap & Invest aims to preserve Washington’s mountain meadows and other environmental treasures (Credit: State Department of Ecology)
They will also be able to purchase “allowances” to exceed that cap, under Washington’s “cap and invest” law.
The cap limit, and the available allowances, will shrink over time.
The state’s first carbon allowance auction is set for February. Click play to hear Corwin Haeck’s report.
