OLYMPIA, Wash. (AP) — The Washington House has passed a cap-and-trade measure that puts a price on carbon emissions and includes a new 5-cent increase of the gas tax. The proposal creates a “cap-and-invest” program to gradually set tighter limits on carbon pollution and other greenhouse gases. It requires polluters to decrease emissions steadily, or buy allowances for pollution. The money collected would go toward projects that include, among other things, energy conservation, transportation and assistance for a transition to clean energy. The new 5-cent tax will be added on top of the 67.8 cents currently paid in state and federal taxes on gasoline in the state.
Washington House passes cap-and-trade bill
