The Yes on 732 campaign thanks the businesses that have shown their support for promoting clean energy and fighting climate change:
Allumia endorses I-732! We applaud the hard work of CarbonWA and the many volunteers who have created the opportunity to pass legislation that will equitably internalize the negative externalities of regional carbon emissions and set the stage for more companies, states, regions, and countries to do the same.
Kronos, Vashon Island
Richard Britz, Architect and Planner
Vashon Rider Rehab and Consulting
Get the details behind the nation’s first carbon tax swap
This fall, Washington voters will decide whether to pass I-732, an initiative that tackles the root causes of climate change while making our tax system fairer overall. The world is warming at an alarming rate, and putting an effective price on carbon emissions is the single most important thing we can do to reverse this trend. These news stories will help you understand why voting Yes on I-732 will move the state toward two goals: cleaner energy and fairer taxes.
More importantly, doing so would throw economic muscle behind clean energy, shorter commutes, cleaner air and smarter cities. It would use the market, not regulations, to choose winners and losers in the clean tech race. It would help Washington state, in the apt words of the initiative’s promoters, fulfill its moral responsibility to leave a livable planet for future generations. And it plans do so without wrecking the economy or growing government.
“Carbon Washington’s proposal is a brilliant first step.”
“I think there are some lessons that could be learned from the initiative in Washington state about a revenue-neutral carbon tax.”
Subsidies intended to increase renewable fuels or displace fossil fuels most often fail. They don’t consider the consequences of the subsidy on other carbon-altering processes. I-732, on the other hand, impacts market values and costs proportional to the level of fossil emissions.
Image: Most of these products have to compete with subsidized biofuels for their feedstock even though they displace far more carbon emissions.
I-732 provides the best path to sustainably reduce carbon emissions. It will restore rural economic activity relating to timber — plus many jobs lost since the 2008 recession.
Producers of lumber, plywood, oriented strandboard, and engineered wood products have supported as many as 45,000 direct jobs and another 180,000 indirect positions in Washington. (Those include buyers and sellers of their product such as prefabricators and the building trades.) These sectors will see new opportunities to use wood resources to displace fossil-intensive products — offsetting their lack of participation in the slow economic recovery since the 2008 recession.
The increased price for wood products in response to the I-732 cost increase for fossil intensive products will motivate improvements in forest management, forest restoration and forest health.
Carbon caps and carbon offset trades are often considered the best way to reduce emissions at the lowest cost. But they fail to consider the many different uses of wood that displace more emissions than are considered in the trade.
Every living thing and manufacturing process alters carbon. But the certification of carbon reductions from making a trade do not consider the wide array of potential alternatives preventing the best uses of the material to displace more emissions.
The building and construction trades, which includes Architects, Engineers, General Contractors, Painters, Flooring Installers, Electricians, Plumbers, and other related vocations, will see an increase in new business and new jobs as a result of passing Initiative 732. This is because reductions in the state sales tax realized by this sector will far exceed new energy costs from a carbon tax. The tax swap proposed by I-732 reduces the state sales tax one full percentage point, effectively lowering the cost for new construction and renovation projects in Washington State, while boosting demand. (more…)