Item No. Date: 9a October 9, 2018 Initiative Measure No. 1631 Eric ffitch, Manager, State Government Relations, Port of Seattle Presentation revised October 5, 2018 to remove financial analysis slide - please refer to the agenda memo for financial implications 1 Existing Commission Policy • Commission-adopted environmental policy, State Legislative Agenda (adopted 10.24.17) - Promote use of clean energy technology and support a statewide reduction in greenhouse gas emissions - Policies that promote the use of low-carbon fuels for transportation, and otherwise support the continued reduction in the cost of low-carbon energy sources to consumers in the state - State support for partnership with the Port on aviation biofuels - State actions that promote climate change resilience, including in transportation network - Policies that reduce carbon and air pollution emissions for passengers and employees traveling to and from Port facilities 2018 State Legislative Agenda priorities 2 Background on Initiative Measure No. 1631 • Carbon "pollution fee" established -- $15/ton of CO2 emitted beginning in 2020; increasing by $2/ton annually • Administered by a board; composition of board enumerated in language of initiative • Directed at following areas: - - - 70 percent on "clean air and clean energy investments" (including transportation-related carbon emissions) • 15 percent of this category to reduce energy burden on low income • $50m over four years to help workers transitioning from energy intensive industries 25 percent for "clean water and healthy forests" (to include wildfire risk, flood risk, etc.) 5 percent for "healthy communities" • Includes: wildfire preparedness; relocating communities on tribal lands impacted by flooding and sea level rise; education programs related to climate change 3 Port History on Related Issues • Low Carbon Fuel Standard - - - • Testimony in support HB 2338 passed House Environment and House Transportation Committee; did not receive a vote on the full House floor Continued work in 2018 "interim" with advocates in support of Fitzgibbon proposal Carbon pricing proposal at state legislature - - Letters to Sen. Carlyle and Gov. Inslee in support of enacting a price on carbon SB 6203 passed Senate Energy, Environment, and Technology Committee, and Senate Ways and Means Committee; did not receive a vote on full Senate floor Consistent Engagement in Policymaking at State Level 4 Potential Impact to POS/NWSA • Impact to Port/NWSA operations • Relationship to ongoing Port efforts on Sustainable Aviation Fuels, electrification, etc. 5 Questions? 6