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Residents of Washington state will be paying a lot more for energy than their counterparts in California this year, and that's not good for the environment, the Seattle Times reports.
In August's auction of carbon-dioxide permits, the price rose 15% to $56.01 per metric ton, which translates into about 45 cents per gallon of gasoline and 54 cents per gallon of diesel.
That's 84% more than California's $30.33 per MT/CO2.
The higher price triggers a special auction in August to increase the supply of permits, but those allowances are still under the state's cap and don't add to the total allowable emissions.
"Although Washington is paying more for CO2 emissions than California, that additional cost doesn't help the environment. It just harms our economy," writes the Times.
"As long as the governor and agency staff continue to deny that reality, Washington residents will pay a high price for energy but won't receive the environmental benefits they are paying for."
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Social Entrepreneurship
Spotlight
Social Entrepreneurship: Meet the Disruptors of The World Of Philanthropy
William D. Eggers and Paul Macmillan of Dowser write about the social entrepreneurs slowly and steadily dirsupting the world of philanthropy. According to Forbes, philanthropy disruptors are those that believe “no one company is so vital that it can’t be replaced and no single business model too perfect to upend.”
