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Summary and key findings insummary:"conflict of interest"
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Climate tags, frame/perspective and analysis type hasconcept:"Climate Justice"
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Regions the document covers or discusses geography:Canada
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  • The Stockholm Environment Institute (SEI) provides expert comments to the Washington Department of Ecology regarding the potential linkage of Washington's cap-and-invest program with the Western Climate Initiative (WCI) market administered by California and Quebec. SEI warns that because Washington's program is currently more stringent and has a longer time horizon (through 2050) than California's (authorized through 2030), full linkage could significantly lower allowance prices, reduce state auction revenues, and undermine Washington's emission reduction goals. SEI recommends that full linkage be contingent on California extending its program beyond 2030 and increasing its 2030 cap stringency to address a large bank of unused allowances. As an interim measure, SEI proposes 'restricted linkage' via a quota on imported WCI allowances to balance cost containment with environmental integrity.

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    Themes: carbon marketcap-and-investemissions trading systemghg emissionsclimate policy
    Stockholm Environment Institute

    Document type: Statement

    Regions: WashingtonCaliforniaQuebec
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