Clean & Prosperous Washington

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GHG Reduction Explorer

Press Release: Supreme Court Sets the Stage for Legislative Action on System-Wide Carbon Reductions

Legislature expected to continue progress on comprehensive Cap & Invest bill.
Seattle, WA – January 16, 2020 – Today’s Supreme Court ruling restricting the Department of Ecology’s authority to cap greenhouse gas emissions (GHGs) creates a patchwork of regulations that are at odds with effective carbon reduction policy. The legislature can advance a comprehensive solution, covering the full economy to achieve our increasing needs for carbon reduction with fairness and economic efficiency.

CaPI Event: The Future of Climate Policy After I-1631

Wed, November 28, 2018, 3:00 PM – 5:00 PM PST | Mercer Island Community & Event Center

Purpose: Inform community about views of electorate, Resolve post-election tensions & align towards cooperative success, Invite engagement in achieving desired outcomes, Set framework for 2019 legislature

Revenue & Emissions Preliminary Impact Analysis – Senate Bill 6203

Using a proprietary modeling system, the Washington Business Alliance analyzed the expected outcomes of Senator Palumbo’s Carbon Tax Bill, Senate Bill 5930. SB 5930 is projected to generate a peak of roughly $1.8 billion/year in 2024 (in USD, 2018), and reduce greenhouse gas emissions by a similar amount as the Clean Air Rule (CAR): around 180 million metric tons of carbon dioxide equivalents (MtCO2e) give or take around twenty percent. Emissions in 2035 are projected to be around 9% lower than 1990 levels.

House Bill 1646: Revenue and Emissions Impact – Preliminary Analysis

The Washington Business Alliance developed the Washington State GHG Reduction Explorer to project the outcomes of various policy proposals that tax/regulate greenhouse gas emissions. We evaluate two scenarios for this analysis: one with what we believe are relatively optimistic assumptions about Clean Energy Account investments and one with what we believe are relatively pessimistic assumptions about the Clean Energy Account investment cost-effectiveness.

Modeling Analysis of SB 5930 (Sen. Palumbo) Carbon Tax Proposal – Additional Details

Using a proprietary modeling system, the Washington Business Alliance analyzed the expected outcomes of Senator Palumbo’s Carbon Tax Bill, Senate Bill 5930. SB 5930 is projected to generate a peak of roughly $1.8 billion/year in 2024 (in USD, 2018), and reduce greenhouse gas emissions by a similar amount as the Clean Air Rule (CAR): around 180 million metric tons of carbon dioxide equivalents (MtCO2e) give or take around twenty percent.

Modeling Analysis of SB 5930 (Sen. Palumbo) Carbon Tax Proposal

Using a proprietary modeling system, the Washington Business Alliance analyzed the expected outcomes of Senator Palumbo’s Carbon Tax Bill, Senate Bill 5930. SB 5930 is projected to generate a peak of roughly $1.8 billion/year in 2024 (in USD, 2018), and reduce greenhouse gas emissions by a similar amount as the Clean Air Rule (CAR): around 180 million metric tons of carbon dioxide equivalents (MtCO2e) give or take around twenty percent.

Carbon Policy Explorer Enables Better Decision-Making

At the Business Alliance we began to wonder how effective these different policies are likely to be at actually reducing GHG emissions and at what price. So we developed analytical software tools to evaluate the many scenarios being proposed. In evaluating all these proposals, voters and lawmakers alike are facing a lack of basic information about the different proposals. It’s difficult to identify comparative fiscal impacts, likely changes in energy costs, and the projected effectiveness of each policy in lowering greenhouse gas (GHG) emissions. That is why the Washington Business Alliance developed the GHG Reduction Explorer, intending to project the outcomes of various policy proposals that aim to price and regulate greenhouse gas emissions.