RTC Policy Finder
Washington Cap-and-Invest Program
The Washington Cap-and-Invest Program sets a cap on overall carbon emissions in the state and requires businesses to obtain allowances equal to their greenhouse gas emissions through quarterly auctions. Over time, the cap will be reduced in line with the state’s emissions reduction commitments. It covers industrial sectors, creating a carbon price that incentivizes the uptake of renewable thermal solutions to reduce compliance costs for industrial producers.