WA’s Third Quarterly Carbon Auction Brings in More Than $541 Million

Washington state’s third quarterly auction of emissions allowances under the cap-and-trade program established by the Climate Commitment Act brought in more than $541 million, according to a Wednesday summary report put out by the Department of Ecology. That dollar figure is derived by multiplying the $63.03 allowance price at the Aug. 30 auction by the 8.585 million allowances that were sold.