New Bills in 2018

2018 looks to be a big year for state efforts that put a price on carbon emissions. In addition to the six North East states we’ve been tracking since last year (link to carry-over post), two other states have new legislative efforts underway in the 2018 session:

  • Washington: State leaders in Washington are working towards passing legislation that would impose a tax on carbon emissions from fossil-fuel sources. Legislators have offered up several models for the tax, including one proposed by Governor Inslee. These models primarily differ in costs per ton of carbon, the rate at which those costs increase over time, and how revenues from the tax would be distributed and employed. Here is a current list of proposed bills: 
    • SB6203 – A revenue positive bill with carbon priced at $20 with an increase equal to inflation.
    • SB 6096 – A revenue positive bill with carbon priced at $15 per ton with a rate increase of $2.50 until it reaches $30 per ton.
    • SB 5930 – A revenue positive bill with carbon priced at $15 per ton with a rate increase of $2.50 until it reaches $30 per ton.
    • SB 5509 / HB 1646 – A revenue positive bill with carbon priced at $15 per ton of CO2 with an increase equal to inflation.
    • SB 6335 – A revenue positive bill with carbon priced at $15 per ton until 2024 when it will rise to $20 per ton.
    • SB 5127 / HB 1555 – A revenue positive bill with carbon priced at $25 per ton with an increase equal to the rate of inflation each following year.
  • Oregon: State legislators in Oregon are proposing legislation that would reduce greenhouse gas emissions via a “cap and invest” system. The policy would establish limits on greenhouse gas emissions in the state and require the largest emitters to purchase allowances to cover their output, similar to California’s system. Revenue generated from the auction of these allowances go to communities disproportionately impacted by global warming and other energy and climate mitigation initiatives. You can read the Senate version of the bill (SB 1507) here and the House version (HB 4001) here