Will the Cap-And-Trade Repeal Initiative Succeed? The Markets Might Think So

Initiative 2117 to repeal Washington state's cap-and-trade law under the Climate Commitment Act could already be impacting the CCA's carbon credit futures market that is meant to reduce overall carbon emissions. Via forums like the Intercontinental Exchange, or ICE, traders can buy and sell Washington carbon credit futures. Closing prices have steadily declined since I-2117 was certified last month, though the December 2024 CCA contracts were dropping slightly in the months before the measure was certified.