In a recent government meeting, officials discussed the implications of Initiative 2117, which seeks to repeal key funding mechanisms established by the Climate Commitment Act passed in Washington in 2021. This act aims to significantly reduce greenhouse gas emissions in the state, targeting near-zero emissions by 2050 through a cap-and-invest program. Under this program, entities that exceed their allotted greenhouse gas emissions can purchase tax credits from lower emitters, with revenues from these auctions funding critical climate projects.

To date, the auctions have generated approximately $2 billion, supporting initiatives such as free public transportation for youth and infrastructure improvements. However, if Initiative 2117 is adopted by voters, it would prohibit the use of cap-and-trade programs for carbon emission tax credits, effectively dismantling the funding structure of the Climate Commitment Act.

The potential consequences of this initiative are significant, particularly for Spokane, where it could eliminate 30% of state transportation funding, jeopardizing projects like the Division Street bus rapid transit and infrastructure improvements. Additionally, funding for extreme weather mitigation efforts, including wildfire prevention and heat initiatives, would be at risk. While the initiative may provide some financial relief to Spokane regarding waste management costs, it has faced opposition from various cities across Washington.

The meeting concluded with a call for questions, highlighting the ongoing debate surrounding the initiative and its potential impact on the state's climate goals and local projects.