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founded 2 years ago

ADMINS

A state pollution tax raised $2 billion. Can it survive the backlash? Washington state’s “cap-and-invest” program has generated billions to transition to clean energy. (wapo.st)

submitted 9 months ago by silence7 to c/climate

0 comments fedilink

Washington’s first year of auctions raised more than expected, generating a flood of revenue for projects to hasten the renewable energy transition and adapt to climate change. In addition to greening the ferries, the money is paying to build and install air-quality monitors in parts of the state hit hard by pollution and wildfire smoke; to replace gas furnaces and install more efficient heat-pumps; and to allow everyone 18 and younger to ride public buses and ferries free.

...

the state’s Department of Ecology estimated an impact of 5 to 16 cents per gallon. But prices rose beyond that — a painful lurch in a state that has long endured some of the country’s highest gas prices. Washington state drivers get most of their gasoline from five refineries in the state, supplied from oil fields in Alaska, North Dakota and Canada.

Just how much the program has contributed to gas prices remains hotly debated. Ecology officials now put the impact at up to 25 cents a gallon. Others, including the Association of Washington Business, say the program costs drivers 45 cents per gallon. At the moment, gas prices in Washington are 32 cents per gallon higher on average than in neighboring Oregon, according to AAA.