Bill
HB 2201
Overview: HB 2201, "Facilitating linkage of Washington's carbon market with the California-Quebec carbon market", is currently in the House Rules "X" file. It was introduced on Jan
Overview: HB 2201, "Facilitating linkage of Washington's carbon market with the California-Quebec carbon market", is currently in the House Rules "X" file. It was introduced on January 29, 2025.
Purpose and Intent: The bill aims to facilitate the linkage of Washington's carbon market with the existing California-Quebec carbon market. This would allow for the trading of carbon credits and the harmonization of carbon pricing across the participating jurisdictions.
Key Provisions:
- Authorizes the Department of Ecology to take necessary actions to link Washington's carbon market with the California-Quebec system
- Requires the department to establish rules and procedures for the linkage, including accounting, monitoring, and enforcement mechanisms
- Allows for the recognition of compliance instruments issued by the California-Quebec market for use in Washington's program
Affected Parties and Impacts: The bill would primarily impact businesses and entities covered under Washington's cap-and-trade program, as well as those participating in the California-Quebec market. It would provide more flexibility and opportunities for carbon credit trading, potentially leading to cost savings and increased market efficiency.
Procedural and Timeline Considerations: The bill is currently in the House Rules "X" file, indicating it has not yet been scheduled for a floor vote. If passed, the Department of Ecology would need to undertake the necessary rulemaking and coordination with the California-Quebec market to facilitate the linkage.
Compiled from official sources — confirm details with the bill’s official record.
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