Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee weighs bill to adjust Climate Commitment Act auction controls, add market analysis and short‑term liquidity
Summary
House Bill 1975 would change auction price containment rules, cap near‑term price ceilings, shift allowances into the allowance price containment reserve (APCR) for the 2027–2030 compliance period, and require additional Ecology economic modeling. Ecology staff warned of trade‑offs including possible delayed transitions for some industries.
Isaac Caswell of Clean and Prosperous Washington told the Senate Environment, Energy and Technology Committee that House Bill 1975 seeks to improve price stability and liquidity in Washington’s Cap and Invest program while the state pursues linkage with larger markets.
"We would like to see some time for linkage conversations to go well," Isaac Caswell said. "This bill allows us within the tools that we have as a state, to introduce more liquidity, particularly to take off the table some scenarios that are inconsistent with our goal to link."
The bill would require the Department of Ecology to provide market analysis and periodic economic modeling of the program’s compliance instrument markets, cap the price ceiling at $80 in 2026 and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
