States / Washington / HB 1508

HB 1508 In Committee

Expanding revenue generation and economic opportunities from natural climate solutions and ecosystem services.

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 H-0599.1

HOUSE BILL 1508

State of Washington

69th Legislature

2025 Regular Session

By Representatives Reeves, Parshley, and Springer

Read first time 01/22/25. Referred to Committee on Agriculture & Natural Resources.

AN ACT Relating to expanding revenue generation and economic opportunities from natural climate solutions and ecosystem services; amending RCW 79.02.010 , 79.105.150 , and 79.15.010 ; reenacting and amending RCW 79.64.110 and 79.22.050 ; adding a new chapter to Title 79 RCW; and providing an expiration date.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.

(1) "Ecosystem service credit" means a predetermined and standardized unit that represents a measurable ecosystem service provided in the context of a payment for an ecosystem service project.

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