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Ecology warns EITE allowance allocations could clash with cap; Quebec presents 'consignment' funding model
Summary
Department of Ecology staff told the Environment and Energy Committee that emissions‑intensive, trade‑exposed (EITE) free allowance allocations risk conflicting with Washington’s Cap and Invest cap within decades. Quebec officials described a 'consignment' approach that auctions retained allowances and reserves proceeds for facility decarbonization projects.
Representative Dolio invited staff from the Department of Ecology and a delegation from Quebec to discuss how Washington treats emissions‑intensive trade‑exposed facilities under the Climate Commitment Act.
Joel Creswell, manager of the Climate Pollution Reduction Program at the Department of Ecology, summarized the Cap and Invest program and how no‑cost allowances are allocated to EITEs. Creswell said the CCA covers entities emitting more than 25,000 metric tons of CO2 annually and noted that EITEs currently receive most of their allowances at no cost. By statute, Creswell said, EITEs receive 100% of their allocation baseline for the 2023–26 compliance period, 97% for 2027–30 and 94% for 2031–34.
"Under existing policies, EITE allocation alone could conflict with the cap around 2046 or '47," Creswell said, urging the committee to consider allocation adjustments…
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