LD2037

Updates Maine's carbon dioxide emissions budgets and allowances for participation in the Regional Greenhouse Gas Initiative.

This bill updates Maine's carbon dioxide emissions budgets and allowances for participation in the Regional Greenhouse Gas Initiative. It sets specific annual budgets for carbon dioxide emissions from 2022 to 2037, with a 2.5% reduction each year. It also amends the amount of carbon dioxide emissions allowances Maine may auction starting in 2027. The bill eliminates requirements for establishing and developing carbon dioxide offset project categories.