Expands carbon pricing in Massachusetts to reduce greenhouse gas emissions.
The bill seeks to expand carbon pricing in Massachusetts by establishing market-based compliance mechanisms or fees for various sectors, including transportation, commercial and industrial heating and cooling, and residential heating and cooling. It mandates that these mechanisms aim to maximize the state's ability to meet its greenhouse gas emissions limits and sublimits. The bill also establishes separate funds to manage the proceeds from these mechanisms, ensuring they are used to further emissions reduction efforts.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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