Concerning climate commitment act accounts.
HB 2251 restructures Washington's Climate Commitment Act revenue accounts, affecting allocation of carbon auction proceeds to climate and transportation investments.
HB 2251 restructures Washington's Climate Commitment Act revenue accounts, affecting allocation of carbon auction proceeds to climate and transportation investments.
HB 2251 modifies Washington State's Climate Commitment Act (CCA) accounts, which manage revenue from the state's carbon emissions trading program. The bill has passed the Ways & Means Committee with amendments and is now scheduled for a Transportation Committee hearing. Specific legislative language is not provided in the available information, making detailed analysis of exact provisions impossible.
Washington's CCA generates hundreds of millions in annual revenue through carbon allowance auctions, with statutory requirements dictating how these funds are allocated across climate investments, workforce development, and equity programs. Changes to account structures directly affect funding availability for transportation electrification, clean energy projects, and climate resilience initiatives across the state.
Compiled from official sources — confirm details with the bill’s official record.
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