SPOKANE, Wash. , Sept. 18, 2024 /PRNewswire/ -- An economic analysis of Washington's Climate Commitment Act (CCA)—our state's cornerstone climate law—was released today by Greenline Insights and Clean & Prosperous Institute and finds the CCA has the potential to create over 45,000 jobs and generate $9.
1 billion in economic output over 8 years, all benefits that will be lost if the CCA is repealed due to actions by the Legislature or voters. "Our findings suggest that the Climate Commitment Act is a potent job creator and economic development tool for every region of Washington state ," said Jonah Kurman-Faber , Greenline Insight's Founder and Principal and an author of the study. "It promotes labor-intensive new business growth and provides a crucial advantage in attracting new federal and private investments into the state.
" The Climate Commitment Act is Washington's "cap-and-invest" program which sets a cap on greenhouse gas emissions for major polluters that decreases over time, and invests in projects that reduce pollution, create jobs, and help Washington communities respond to climate change. Since its implementation in 2023, the CCA has already generated $2.3 billion worth of job-creating investments that catalyze economic growth.
"The Climate Commitment Act is crucial for Spokane's future," said Spokane Mayor Lisa Brown . "It not only addresses environmental sustainability, but drives job creation and economic growth. By investing in clean energy and green infrast.