‘Rooted in pollution’
The first $357 million raised by cap and trade in 2024, its first full year of operation, would go to transportation projects. The Legislature couldn’t agree on a transportation proposal before the session ended. One plan put forward would see $5.2 billion generated through the cap-and-trade program spent on transportation over the next 16 years. A special legislative session is expected to take up the proposal.
Money generated by the cap-and-trade program that’s not spent on transportation — an amount that’s forecast to reach hundreds of millions of dollars annually — would pay for a substantial part of Washington’s response to a range of climate change impacts. Money could
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