Carbon market linkage bill signed into law

Legislation to support the linkage of Washington’s cap-and-invest carbon market with those of California and Québec was signed into law today by Gov. Jay Inslee. Senate Bill 6058, sponsored by Sen. Joe Nguyễn (D-White Center), makes numerous technical changes to carbon markets to help align Washington’s market with those of California and Quebec, and is an important step forward for the cap-and-invest program created by 2021’s Climate Commitment Act. Last week, the Washington State Department of Ecology, the California Air Resources Board, and the Gouvernement du Québec jointly announced their intention to pursue a joint carbon market, citing the shared common interest in reducing carbon pollution and the major benefits provided by a larger linked market with more participants. ...

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