Cap-and-Trade Showdown: Will U.S. Voters Pull the Plug? ...Middle East

OILPRICE - Economy

Washington state’s carbon market may be a goner. Voters could axe the cap-and-invest program that’s raised over $2 billion since 2023, sending chills through states eyeing similar moves. Launched under the Climate Commitment Act (CCA), this market requires Washington’s biggest polluters to buy emissions allowances. The controversial program has found itself the subject of a ballot initiative in the upcoming election that some hope will send it packing. Washington’s CCA, launched in 2023, sets a cap on the state’s carbon…

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