Washington's carbon tax, if it passes, will have consumers paying the lion's share of the tax through higher prices for gasoline, heating oil and other products
Washington state's ballot in 2016 included a provision asking voters if they would approve a carbon tax, but the initiative failed with 59 percent of the voters opposing the measure. This November, the state will try again to solicit favorable votes from the state's electorate for approval of a tax on carbon dioxide. The carbon tax plan would require fossil-fuel companies to pay $15 per ton of carbon dioxide they release into the atmosphere starting in 2020. The tax would increase by $2 annually (plus inflation) until 2035, when it would reach about $55 per ton. The goal is to reduce greenhouse gas emissions by 20 million metric tons (about 25 percent) by 2035. That would equate to reducing global emissions by 0.02 percent in 2035.