HB2333 – Assessing the potential of state-owned natural and built assets to generate offset credits for carbon markets.
Prime Sponsor – Representative Reeves (D; 30th District; Federal Way)  (Co-Sponsors Walen, Chapman, Springer, and Ramel – Ds)
Current status – Had a hearing in the House Committee on Energy & Environment January 22nd, amended to extend the due date for the assessment by six months, drop Ecology from the process of carrying it out, and allow linkage before it’s completed. Passed out of committee January 29th. Referred to the Committee on the Capital Budget.
Next step would be – Scheduling a hearing.
Legislative tracking page for the bill.

Summary –
The bill would have the Department of Natural Resources, in collaboration and coordination with other specified agencies, assess state-owned natural and built assets with the potential to generate offset credits for the state’s carbon market. The study would also analyze their offset credit potential under protocols that the state might adopt by rule in the future, including those in voluntary carbon markets. DNR would report the results and any related recommendations for future coordination with local governments to the Legislature by July 2025; the bill would prohibit any linkage agreements before the assessment was completed.