Washington state’s first auction of greenhouse-gas pollution allowances has generated an estimated $300 million businesses, people and lawmakers see the cost of emitting greenhouse gases. FOX13
has generated an estimated $300 million businesses, people and lawmakers see the cost of emitting greenhouse gases.announced it had sold all of its almost 6.2 million allowances, each representing one metric ton of greenhouse-gas emissions.
The price was $48.50 per ton. The revenue raised will be confirmed in a report later this month after the financial transactions are completed, officials said. The Washington auction price settled higher than prices in similar programs in California and Quebec.cheered the auction results. "It demonstrates the strength of the cap in Washington state," said Michael Mann, executive director of Clean and Prosperous Washington, a climate policy group. "We also shouldn’t read too much into the first auction."
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