With repeal measure rejected, WA carbon auction prices surge; Dueling lawsuits filed over natural gas ballot measure in Washington

With repeal measure rejected, WA carbon auction prices surge

Washington State Standard — Prices for Washington’s air pollution allowances rebounded at an auction this month, the first sale since voters upheld the state’s cap-and-trade program. The Department of Ecology on Wednesday said allowances the state offered on Dec. 4 sold for $40.26 each. That’s about 35% higher than the $29.88 sale price in September. Allowances for 2027, sold in advance at the latest auction, fetched $26 apiece.

Dueling lawsuits filed over natural gas ballot measure in Washington

Axios – Seattle — Competing lawsuits have been filed over Initiative 2066, which Washington voters approved last month to ban state and local governments from discouraging the use of natural gas. Why it matters: The outcome of the lawsuits will decide the future of the state’s new energy-efficient building codes, along with other government policies that encourage the use of electric heat pumps over gas furnaces as a way to curb emissions and fight climate change.

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