The bill aims to enhance Washington's climate policy leadership and accountability by transitioning to annual reporting of statewide emissions data. It amends existing laws to establish a consistent tracking and annual reporting system for greenhouse gas emissions, which is crucial for determining if the state is on track to meet its emissions reduction goals. The bill emphasizes the importance of accountability in achieving the emission reductions set forth in RCW 70A.45.020 and outlines the state's commitment to limit greenhouse gas emissions, support carbon-sequestering industries, and ensure a well-trained workforce for a clean energy future.

Key amendments include the requirement for the Department of Ecology and the Department of Commerce to report total greenhouse gas emissions every two years until 2030, after which annual reports will be mandated. The bill also specifies updated emissions reduction targets for 2020, 2030, 2040, and 2050, with a goal of achieving net-zero emissions by 2050. Additionally, it introduces provisions for natural gas utilities to receive no-cost allowances for emissions, with a focus on benefiting ratepayers, particularly low-income customers, through auctioned allowances and associated credits.

Statutes affected:
Original Bill: 70A.45.005
Bill as Passed Legislature: 70A.45.005, 70A.65.130
Session Law: 70A.45.005, 70A.65.130