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Title

Report to the Legislature: Distribution of Funds from Climate Commitment Act Accounts Fiscal Year 23

 
Publication number Date Published
23-14-020November 2023
VIEW NOW Report to the Legislature: Distribution of Funds from Climate Commitment Act Accounts Fiscal Year 23 (Number of pages: 20) (Publication Size: 626KB)




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Author(s) WA Dept. of Ecology
Description The Climate Commitment Act (CCA) established the cap and invest program which requires certain businesses to obtain allowances equal to their covered greenhouse gas emissions. These allowances can be obtained through quarterly auctions hosted by Ecology or on a secondary market. The revenue raised from these auctions must be re-invested into projects that achieve state climate change mitigation and resilience goals. The CCA requires Ecology to prepare, post on the department website, and submit to the legislature, an annual report that identifies all distributions of funds from the accounts created in the CCA.
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Contact Tamara Jones at 564-669-3713 or tamara.jones@ecy.wa.gov
Keywords Climate Commitment Act, funding, climate change, greenhouse gas emissions, auction revenue, fiscal year 2023
WEB PAGE Climate Commitment Act