Governor's climate proposal faces business pushback
After two days of hearings that drew hundreds to the state capitol, Gov. Jay Inslee’s carbon reduction proposal has the full attention of Washington lawmakers.
In an effort to curb climate change while raising money for transportation and education, Inslee is proposing a statewide cap on carbon emissions that would require polluters to buy credits to continue polluting at today’s levels. Carbon prices would start at $12 a ton and would bring in an estimated $1 billion in the program’s first year.
The main idea behind cap-and-trade markets is to create a financial disincentive to emit greenhouse gases.
The Democratic governor’s proposal has quickly become controversial in a leg...