Potential Voter Repeal Of Washington State’s Cap & Trade May Tank Auction

Polls showing Washington voters may repeal the state’s new greenhouse gas cap-and-trade program in November could substantially lower credit sales and prices at the next auction scheduled for Sept. 4, and it could make other states such as New York reconsider whether to pursue their own carbon trading programs, some experts say. “The auction in September could be problematic. I don’t know if it will fail, but it could,” says a carbon market expert who closely tracks cap-and-trade programs. “Not...