HB1975 amends the Climate Commitment Act by adjusting auction price containment mechanisms, setting ceiling prices, and authorizing the Department of.

HB1975 amends the Climate Commitment Act to adjust auction price containment mechanisms and set ceiling prices for greenhouse gas emissions. The Department of Ecology must adopt annual allowance budgets to achieve emissions limits by 2030, 2040, and 2050. The bill also authorizes the department to synchronize with other jurisdictions if they do not amend their rules. Additionally, the department must analyze and forecast compliance instrument markets, including prices, trends, and activities.

HB1975 amends the Climate Commitment Act by adjusting auction price containment mechanisms, setting ceiling prices, and authorizing the Department of.

HB1975 amends the Climate Commitment Act to adjust auction price containment mechanisms and set ceiling prices for greenhouse gas emissions. The Department of Ecology must adopt annual allowance budgets to achieve emissions limits by 2030, 2040, and 2050. The bill also authorizes the department to synchronize with other jurisdictions if they do not amend their rules. Additionally, the department must analyze and forecast compliance instrument markets, including prices, trends, and activities.