Campaign News

The World Bank reports that 15 countries currently have successful carbon taxes in place similar to what I-732 would create in Washington State. The tax applied to carbon in these countries ranges from $5/ton in Chile to $168/ton in Sweden.

• The closest country to Washington, British Columbia has a $30/ton carbon tax
• Sweden has the highest carbon tax in the world of $168/ton a price achieved largely through an environmental tax reform policy similar to I-732
• Sweden’s environment minister says “Our carbon emissions would have been 20% higher without the carbon tax”
• I-732 would implement a $25/ton carbon tax that grows over time at 3.5%/year + inflation to maintain revenue neutrality while carbon emissions decline.
• 81% of experts agree that carbon taxes are the most economically efficient strategy we have to reduce carbon pollution.
• That is a huge majority compared to the 13% who argue targeted investments and subsidies are more efficient.
• We need new carbon taxes, and Washington State can lead the U.S. towards the best carbon reduction mechanism we have by voting yes on I-732 in November.

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