Washington Voters to Decide on First-of-Its-Kind U.S. Carbon Fee

Whatever you do, don’t call it a tax.

Voters in Washington state will go to the polls Nov. 6 to decide whether or not they want to impose a first-of-its-kind “fee” on carbon emissions. Ballot initiative 1631marks the second time the state will vote to put a cost on emissions. A prior effort, labeled a carbon tax, failed when it was on the ballot two years ago.

Proponents including Democratic Gov. Jay Inslee and Microsoft Corp. co-founder Bill Gates are hoping the new proposal, which the state estimates would raise $2.3 billion for clean-energy investment by 2025, will win ...