Loading ...Inslee’s carbon tax would raise costs for consumers, polluters to fund environmental projects
Washington Gov. Jay Inslee on Tuesday unveiled details of his new plan to charge polluters, a centerpiece of the Democrat’s drive to combat climate change and address a court order to speed up a fix for the K-12 school system.
The plan would tax carbon emissions generated by transportation fuels and power plants at $20 per metric ton starting in July of 2019. After that, the tax would increase by 3.5 percent each year, plus inflation.
The governor’s office estimates the tax would raise $1.5 billion over its first two years, and $3.3 billion over four years. Much of the money from the tax would initially be used to replenish the roughly $1 billion in reserves Inslee hopes to spend on education.
The money later would be spent on a mix of clean energy, water conservation and other environmental projects.
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