Washington’s second cap-and-invest program auction raises $557 million

摘要

Washington state’s second auction for its cap-andtradeprogram raised $557,089,850 in proceeds for cleantransportation, climate resilience and environmental justiceprojects, the state’s Department of Ecology said June 28.When combined with the amount raised from the first auctionin February, it brings total state proceeds to $857,073,117.“The funds raised have been deposited into the WashingtonState Treasury and will be appropriated by the Legislature forcritical climate projects focused on clean transportation, climateresilience, and environmental justice,” the Department of Ecologysaid in a statement..