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Use this function to compare the design elements and characteristics of up to three ETSs from around the world.
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Official name of scheme
USA - Washington Cap-and-invest Program
ETS Status
in force
Jurisdictions
Washington
Start of operation (year)
2023
Sectoral coverage
Transport
Buildings
Industry
Power
Allocation
Free Allocation: Grandparenting, Free Allocation: Benchmarking, Free Allocation with Consignment, Auctioning
Offsets and credits
Domestic
Cap
58.5 MtCO2e (2024)
GHGs covered
CO2, CH4, N2O, SF6, HFCs, PFCs, NF3, and other fluorinated GHGs
Average auction price
USD 53.10
Average secondary market price
USD 52.88
Total revenue
~ USD 1.8 billion of state revenue in 2023 (and ~ USD 2.2 billion including consigned auctions).