Can cap and trade work in the US?

This podcast episode explores Washington State's bold cap-and-trade initiative, tracing its development and the challenges of turning legislative goals into effective market strategies. Focusing on the tensions that arose during the first carbon allowance auction, the conversation highlights how economic factors and political reactions shape public views and future climate actions. Washington's experience illustrates the promise of state-level solutions while also showcasing the delicate balance needed to achieve significant emission reductions without overly burdening consumers or businesses.