- Arnold Paul, CC by 3.0
Proponents say the first-of-its-kind initiative accelerates the path to clean energy. Opponents say the tax would drive up energy costs and threaten businesses.
Most surprising, the Associated Press reports some high-profile environmental groups aren't supporting Initiative 732. The Sierra Club, OneAmerica, Washington Environmental Council, and Front and Centered all say they worked on an alternative carbon-pricing measure that was nixed in favored of I-732.
Meanwhile, supporters say the initiative has a better chance of passage by being "revenue neutral," arguing the carbon tax would be offset by decreases in other taxes.
Analysts say Washington's proposed carbon tax is modeled after a current revenue stream in the Canadian province of British Columbia. If approved, Washington's carbon tax would start at $15 per ton of carbon emission and climb to $25 in its second year with incremental increases going forward.