Establishes an economy-wide cap and invest program to support greenhouse gas emissions reductions in the state.

The bill establishes an economy-wide cap and invest program to support greenhouse gas emissions reductions in the state by setting a maximum allowable amount of greenhouse gas emissions by covered entities and regulating the sale or auction of greenhouse gas emissions allowances to covered entities. The program includes provisions for setting emissions limits, allocating allowances, and ensuring compliance with the program. It also includes provisions for linking the program with other jurisdictions and for the auction or sale of allowances.

Establishes an economy-wide cap and invest program to support greenhouse gas emissions reductions in the state.

The bill establishes an economy-wide cap and invest program to support greenhouse gas emissions reductions in the state by setting a maximum allowable amount of greenhouse gas emissions by covered entities and regulating the sale or auction of greenhouse gas emissions allowances to covered entities. The program includes provisions for setting emissions limits, allocating allowances, and ensuring compliance with the program. It also includes provisions for linking the program with other jurisdictions and for the auction or sale of allowances.