Washington’s second cap-and-trade auction netted more than $557 million in revenue after bidders bought all 11.035 million carbon allowances on offer last week.
In approving a water quality certificate for a pumped storage project along the Columbia, Washington sparked protests from area tribes and some environmental groups.
Washington’s Department of Ecology confirmed that it raised almost $300 million from the state’s first quarterly cap-and-trade auction held in February.