The Climate Commitment Act puts a price on carbon pollution, caps emissions, reduces emissions over time, and makes investments to address longstanding sources of pollution in overburdened communities in a way that incorporates direct community engagement and guidance. Plus it requires an advisory panel to recommend implementation details of the cap-and-invest program to ensure effectiveness and equity.
Entities can meet their emission caps by: reducing their emissions, by purchasing allowances at auction, or by purchasing offset credits. The allowances and the emissions cap decrease over time so the state’s emission foot print decreases toward the statutory requirements of net zero by 2050. Revenue goes to investments in clean transportation, natural climate resiliency, clean energy transition and assistance, and energy efficiency projects.
Legitimate differences of perspective complicate deciding on the right way to reduce our greenhouse gas footprint in Washington. The League believes that climate change is a serious threat facing our nation and planet and supports a price on carbon. This bill appears to have the most support among legislators for pricing carbon. We must take this decisive step now for our climate in Washington, and for our nation, and for the globe. Please ask your senator to bring SB 5126 to the floor for a vote and vote yes.