RGGI states to consider WA State plan to use its CO2 units, but “substantive issues” flagged
By Mike Szabo, Carbon Pulse.
RGGI states will evaluate Washington State’s draft proposal to allow it to use the regional carbon market’s allowances in its own state-wide cap-and-trade scheme, RGGI’s operator said on Tuesday, adding that the plan raises “substantive issues”.
Washington’s Department of Ecology earlier this month released details of its plan to launch a carbon market to help it halve state GHG emissions from 1990 levels by 2050.
The proposal identifies emissions allowances from RGGI, as well as California and Quebec’s carbon markets, as being eligible for compliance in the Washington scheme, in addition to certified offsets from livestock, mine methane and ozone depleting substance projects in California.