KNKX/NPR: First auction held for ‘licenses to pollute’ in Washington
A big list of carbon polluters in Washington is now subject to a cap and trade regulation system. The first auction was held Tuesday for permits to emit greenhouse gasses into the atmosphere.
Some people call these permits “licenses to pollute.” Until now, those covered by the newly enacted Climate Commitment Act have not needed them. The regulation took effect on Jan. 1, 2023.