Washington Utilities and Transportation Commission
The following table outlines the social cost of carbon utilities will use to comply with the package of clean energy legislation signed into law by Gov. Jay Inslee in 2019.
In docket U-190730, the commission adopted cost estimates produced by the Interagency Working Group on Social Cost of Greenhouse Gases. The commission adjusted this rate to reflect 2018 dollars using the U.S. Dept. of Commerce GDP price index.
The social cost values for intermediate years (2011, 2012, etc.) will be calculated using the same method.
Adjusted Cost of Greenhouse Gas Emissions
Social Cost of CO2* (in 2007 dollars)
** GDP Index (2007)
** GDP Index (2018)
Adjusted Social Cost of CO2 (in 2018 dollars)
* Social cost of carbon in 2007 dollars using the 2.5% discount rate, listed in table 2, technical support document: Technical update of the social cost of carbon for regulatory impact analysis under Executive Order No. 12866, published by the interagency working group on social cost of greenhouse gases of the United States government, August 2016.
** Department of Commerce Bureau of Economic Analysis Gross Domestic Product Table 1.1.4 Annual Price Indexes Last Revised on: August 29, 2019