Reserve carbon auction raises $62.5 million in WA, shows the CCA is working as intended
On August 9, the Department of Ecology held its first allowance reserve auction under the Climate Commitment Act, raising an additional $62.5 million for needed climate solutions across the state. This auction is a mechanism built into the CCA to stabilize costs and ensure that carbon allowances are obtainable and reasonably priced for entities covered by the CCA.
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