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 emphasize the importance of consistent tracking and annual reporting of greenhouse gas emissions, which will allow the legislature to assess whether the state is on track to meet its emissions reduction goals. The bill establishes a framework for the state to limit and reduce greenhouse gas emissions, support carbon-sequestering industries, and ensure a well-trained workforce for the clean energy sector. It also outlines the state's commitment to achieving net zero greenhouse gas emissions by 2050.

Key amendments include the requirement for the Department of Ecology and the Department of Commerce to report total greenhouse gas emissions every year starting in 2031, rather than every two years, and to include emissions from wildfires in their reports. Additionally, the bill specifies new emissions reduction targets, such as reducing overall emissions to 90,500,000 metric tons by 2020 and achieving 50,000,000 metric tons by 2030. It also introduces provisions for natural gas utilities to receive no-cost allowances for emissions, with a focus on benefiting low-income customers through auction revenues. Overall, the bill strengthens the state's commitment to climate action and accountability through enhanced reporting and regulatory measures.

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