Initiative 732 puts a strong price on carbon emissions. Adopting a carbon fee is one way for states to comply with the EPA’s Clean Power Plan. Passing I-732 should enable Washington State to meet the requirements of this rule.
- The EPA’s Clean Power Plan (CPP) rule requires states to reduce carbon dioxide emissions from electrical power generation to specified levels by 2030.
- The rule gives states the option to adopt “a fee for CO2 emissions from affected [Electricity Generating Units]” as one path for them to comply with the plan. A recent article by the Brookings Institution discusses this approach.
- As a result, adopting I-732 should be sufficient for Washington State to meet its obligations under this rule.
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