Americas > Washington conducting emergency rulemaking on carbon market allowance reserve language

Washington conducting emergency rulemaking on carbon market allowance reserve language

Published 19:46 on April 27, 2023  /  Last updated at 19:46 on April 27, 2023  / /  Americas, US

The Washington Department on Ecology (ECY) announced Wednesday it is conducting an emergency rulemaking on the Allowance Price Containment Reserve (APCR) ahead of the Q2 cap-and-trade auction, as Washington Carbon Allowances (WCAs) on the secondary market continue to trade above the mechanism’s Tier 2 trigger price.
The Washington Department on Ecology (ECY) announced Wednesday it is conducting an emergency rulemaking on the Allowance Price Containment Reserve (APCR) ahead of the Q2 cap-and-trade auction, as Washington Carbon Allowances (WCAs) on the secondary market continue to trade above the mechanism’s Tier 2 trigger price.


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