Establishes the Illinois Climate Change Superfund to fund climate change adaptation projects, requiring fossil fuel producers to pay based on their.
The Climate Change Superfund Act creates the Illinois Climate Change Superfund to finance projects adapting to climate change impacts. Fossil fuel producers emitting over one billion tons of greenhouse gases from 2000 to 2024 must pay into the fund. The Environmental Protection Agency will determine payments based on emissions data. At least 40% of fund expenditures must benefit disadvantaged communities. The fund will finance projects like climate-resilient housing, green infrastructure, and water management systems.
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