washington carbon emissions fee and revenue allocation initiative

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The fee rate would have been $15 per metric ton of carbon dioxide equivalent on July 1, 2018. And now, climate change has made its way onto the Nov. 6 ballot, in the form of a statewide initiative that would impose a $15-a-ton fee on carbon emissions that cause global warming. Initiative 1631 proposed to do this by putting a fee ($15 per metric ton) on carbon emissions from the largest polluters, then slowly increasing that fee, with the revenue … Initiative 1631 would charge a fee of $15 per ton on carbon emissions starting in 2020. Initiative 1631 aimed to charge oil companies and other significant polluters in the state $15 per ton of carbon released–a fee that would increase by $2 every year until 2035. That fee would increase $2 each year until greenhouse gas reduction goals are met. Initiative 1631 places a fee on carbon emissions of $15 dollars per ton that would increase each year by $2 per ton until the state meets its greenhouse gas reduction goals. The Washington Carbon Emissions Mitigation Fee Initiative was not on the ballot in Washington as an Initiative to the People, a type of initiated state statute, on November 7, 2017.. In 2016, Washington state voters considered a carbon tax ballot initiative that was “revenue-neutral” – most revenues would be returned to taxpayers via lower taxes and rebates. A carbon price is a fee on each unit of carbon dioxide (CO2) or other greenhouse gas emissions released into the atmosphere. Princeton University Press Initiative 732 would have made Washington the first U.S. state with a carbon tax. Ballotpedia (2018) Washington Carbon Emissions Fee and Revenue Allocation Initiative (2018). A new carbon fee-and-rebate policy, proposed by a coalition known as Put A Price On It D.C., can significantly reduce carbon emissions in Washington, D.C., … In 2011, Washington ranked 28th in carbon emissions nationwide. Carbon fee initiative filed Friday in Olympia represents the latest effort to put a price on carbon and other greenhouse-gas emissions. There are two primary methods of pricing carbon-carbon taxes and cap-and-trade programs. The plan would put all revenue from the fee ... 26 percent of Washington's carbon emissions from large emitters, is the state's largest greenhouse gas polluter. As of 2016, no states had a carbon emission tax. Ballotpedia. Carbon taxes would directly establish a price on carbon in dollars per ton of emissions. Ballotpedia (2016) Washington Carbon Emission Tax and Sales Tax Reduction, Initiative 732 (2016). The state's northern neighbor, British Columbia, implemented a carbon tax in 2008, and this served as a base model for Initiative 732. The measure would have charged a fee on greenhouse gas emissions. Bartels LM (1988) Presidential primaries and the dynamics of public choice. 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