Washington State's first 2024 CO2 allowance auction results will be announced, with the last price at $51.90/MT. The prices are expected to be influenced by a potential CCA repeal. Additionally, the state is eliminating a 37% tax on medical marijuana. Capital gains tax revenue in Washington heavily relies on King County, with a significant disparity compared to counties east of the mountains. The recent CO2 allowance auction saw a sharp price decrease, indicating concerns over the potential repeal of the CO2 tax.
The cost of Washington’s carbon-emission allowances dropped by half this month in the state’s latest auction, the first of the year. https://t.co/qpw5UtrA2t
Washington state carbon market auction prices drop sharply amid threat of CCA repeal https://t.co/TugDI9TtKY
Wow. Washington CO2 allowance auction results show a massive decrease in price - just above the minimum bid and half of the average price last year. It is clear that bidders think I-2117, which would repeal the CO2 tax, is going to pass in November. #walg https://t.co/p8DWv4mKO8
84% of all the capital gains tax money was raised from a single county in Washington state - King. The 20 counties east of the mountains contributed just 3%, combined. Capital gains tax is a money transfer from blue Seattle and King County out to red Eastern Washington, and…
Washington State To Eliminate 37% Tax On Medical Marijuana https://t.co/3geqPSHAro
The results of WA's first 2024 CO2 allowance auction will be announced tomorrow. The last price was $51.90/MT of CO2 Will prices: - go up because the supply of allowances declines significantly - go down because the CCA might be repealed & allowances would be worthless #waleg