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A proposed cap and trade program is under consideration in the Senate as lawmakers continue to explore ways to meet the state’s greenhouse gas reduction goals.

Senate Bill 5981, with Sen. Reuven Carlyle, D-Queen Anne, as its primary sponsor, would put a limit on the amount of greenhouse gases certain industrial facilities and practices could produce.

Companies would then bid for their projected portion of produced emissions through an auction process. The total amount of emissions allowed will decline each year to achieve the state’s emission reduction goals.

Under the bill, emissions...