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How Washington raised $300 million for climate action from polluters

Kate Yoder

March 09, 2023 |

Grist |

Text |

Under 800 Words

Response Location: United States, Washington

The first auction of Washington State’s cap-and-invest system raised $300 million dollars from businesses buying greenhouse gas emission permits. The system is meant to incentivize emission reduction while raising money to address climate change in the communities most impacted by pollution.

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