Carbon cap and trade program
This bill:
Allows the Department of Ecology to create a clean fuels program that caps the greenhouse gas emissions associated with transportation fuels.
Creates a carbon intensity pollution credit system for covered fuels: Each credit is worth approximately one metric ton of carbon dioxide emissions. Entities may use, generate, buy, sell, or trade credits.
Provides a B&O exemption for amounts received from the generation, purchase, sale, transfer, or retirement of credits.
Effective July 25, 2021 ( E3SHB 1091 , Chapter 317, Laws of 2021).