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Spokane is set to invest up to $210 million, along with $21 million in annual operating expenses, to comply with state climate policies after being denied an exemption. The project, which involves installing carbon capture technology at the city's waste-to-energy plant, aims to reduce emissions by converting carbon dioxide into a transportable form for long-term storage. While proponents cite potential tax credits and revenue streams, challenges remain, including reliance on market conditions and federal credit verification, which could impact local taxpayers.