State CO2 report shows 86% of Washington’s claimed climate benefits are probably fake
Washington Policy Center••business
Key Points:
- The Department of Ecology's report on Climate Commitment Act (CCA) spending falsely claimed nearly 9 million metric tons of CO2 reductions at a cost of $40 per metric ton, a figure that is significantly overstated and misleading.
- Analysis revealed that about 86% of the reported CO2 reductions come from eight projects with implausibly low costs per metric ton, indicating a major data error admitted by the Department of Commerce.
- Correcting these errors reduces the actual CO2 reductions to roughly 1.2 million metric tons, only 14% of the report's claim, and reveals that many projects are inefficient or fail to include relevant costs.
- The average cost of CO2 reduction after adjustments is $395.42
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