Washington, California and Québec take the next step towards linking carbon markets by releasing draft agreement

OLYMPIA -- Today Washington, California and Québec released a draft linkage agreement for public review, the next step in the ongoing effort to form a shared carbon market between the three jurisdictions. A shared market would reduce greenhouse gases more efficiently by driving long-term, cost-effective investment in decarbonization.

Governor Bob Ferguson offered this statement on the significance of this milestone:

"No state or province can handle the climate crisis alone. Working together will lead to greater progress in reducing emissions, as well as more predictability for businesses as they invest in clean energy and develop their own strategies for a cleaner future. Washington will continue to be a leader in the fight to protect our shared environment."

Washington Department of Ecology Director Casey Sixkiller issued the following statement:

"From historic flooding and drought to extreme heat and devastating wildfires, climate change is impacting communities across our state and threatening our natural resources. By linking Washington's carbon market with California and Quebec, we are expanding a proven, market-based system to cut greenhouse gas emissions, accelerate decarbonization, spur innovation, create jobs, and deliver sustained investments in communities and climate solutions. Together, we are demonstrating that states and provinces can meet this moment through bold leadership and sustained collaboration."

A linkage agreement is one of several steps necessary to link, and the public may provide feedback on the draft agreement through May 1, 2026. Depending on when other steps are completed, we could begin operating a linked market in 2027.

To learn more about Washington's path towards linkage, visit our linkage webpage.