Environment Washington carbon auction prices rise again
Prices for air pollution allowances under Washington’s cap-and-trade law climbed again at the state’s first auction of the year.
The Department of Ecology said allowances the state offered on March 5 sold for $50 each. That’s about 24% higher than the $40.26 sale price at the previous auction in December. The latest sales will net another $230 million for the state.
It’s the second auction in a row where prices were up, following a slump before voters rejected a ballot measure last year that would have repealed the law. Prices last September fell below $30 after rising above $50 and even $60 in some cases the prior year.
“The main takeaway is that the program continues to really be effective and work,” said Altinay Karasapan, Washington regulatory policy manager with the group Climate Solutions.
https://washingtonstatestandard.com/2025/03/12/washington-carbon-auction-prices-rise-again/
Supposedly this is where Tesla actually makes its money, it sells carbon credits. I guess I'm not seeing where this actually makes a difference in stopping greenhouse gasses.