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

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 prioritizes emissions reductions in disadvantaged communities and sets lower caps for sources in or near these communities. It also regulates the sale or auction of greenhouse gas emissions allowances, ensuring they are not sold at a price below a minimum set by the department.

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

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 prioritizes emissions reductions in disadvantaged communities and sets lower caps for sources in or near these communities. It also regulates the sale or auction of greenhouse gas emissions allowances, ensuring they are not sold at a price below a minimum set by the department.