Washington state’s decision to pursue linking its new carbon market with an existing partnership between California and the province of Quebec, Canada, sets the stage for other states to join the emissions reduction effort, according to environmental advocates.
Washington this year became the second state to start running an economy-wide cap-and-invest program. But if the state links its market with California and Quebec, the barrier to entry for other states is lower, said Caroline Jones, senior analyst at the Environmental Defense Fund.
Joining a larger, linked market is a more-viable option for smaller states who might not be comfortable running ...