Washington State Enacts Law Requiring the Use of the SCC in Resource Planning
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Application
Integrated resource planning
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Date
May 2019 -
Details
In early 2019, the state enacted a law requiring the use of the social cost of carbon in utility resource planning, specifying that utilities should use the IWG Social Cost of Carbon at the 2.5% discount rate.
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SCC Value(s)
IWG Social Cost of Carbon at the 2.5% discount rate.
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Reference
Wash. Sen. Bill. 5116 (signed by Gov. Inslee on May 7, 2019) - Supporting Washington's clean energy economy and transitioning to a clean, affordable, and reliable energy future.
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Legal Authority
Wash. Sen. Bill. 5116 (signed by Gov. Inslee on May 7, 2019)
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