A repeal initiative blaming the state's climate law for higher gas prices could wind up on the ballot in November.
Excerpt from this story from Grist:
For months now, it’s been free for anyone 18 or younger to ride the light rail through Seattle, the ferry across Puget Sound, and buses all over Washington state. As students tapped their new ORCA cards and hopped on the bus, probably the last thing they were thinking about was the state’s carbon pricing program, the source of funding behind their free ride.
One year after it went into effect, Washington’s “cap-and-invest” system has already brought in an eyebrow-raising $2.2 billion for action on climate change. The Climate Commitment Act, signed by Governor Jay Inslee in 2021, establishes a statewide limit on greenhouse gas emissions that steadily lowers over time. The law also creates a market, like California’s, for businesses to buy “allowances” for the carbon pollution they emit, prodding them to cut their emissions — and at the same time generating a boatload of money to tackle climate change. Touted as the “gold standard” for state climate policy, the law requires Washington to slash its emissions nearly in half by 2030, using 1990 levels as the baseline.
The program’s early success has attracted attention — praise from climate advocates and pushback from anti-tax hawks. A hedge fund manager named Brian Heywood has funded a petition drive to repeal the Climate Commitment Act, over its effects on gas prices, along with other petitions to strike down the state’s capital gains tax, give the police more leeway to pursue vehicles, and grant parents access to their kids’ medical records at school. The repeal could be headed to voters as a ballot initiative this November. If voters approve it, Heywood’s initiative wouldn’t just cancel the climate law; it would block the state from creating any other cap-and-trade system in the future.
Experts said that the law is already having tangible benefits. Businesses, hoping to avoid paying for costly pollution “allowances,” are figuring out how to run their operations while emitting less carbon. Meanwhile, the revenue from the program is spurring clean energy efforts, including a large-scale solar project by the Yakama Nation, and attracting green industries like clean hydrogen. The funding will also help families install energy-efficient (and money-saving) heat pumps and provide incentives for garbage trucks, delivery vans, and buses to go electric.
