Establishes a carbon fee on fossil fuel sales in Rhode Island, creating a fund for climate resilience and energy efficiency.

The bill establishes a fee on companies selling fossil fuels in Rhode Island, creating an "Economic and Climate Resilience Fund." The fee starts at $15 per metric ton of CO2e and increases annually by $5 until it reaches $50. The collected funds will be used for climate resilience, renewable energy, energy efficiency, and climate adaptation programs. The fund will also provide dividends to residents and employers based on income levels, with additional amounts for heads of households with children.

Establishes a carbon fee on fossil fuel sales in Rhode Island, creating a fund for climate resilience and energy efficiency.

The bill establishes a fee on companies selling fossil fuels in Rhode Island, creating an "Economic and Climate Resilience Fund." The fee starts at $15 per metric ton of CO2e and increases annually by $5 until it reaches $50. The collected funds will be used for climate resilience, renewable energy, energy efficiency, and climate adaptation programs. The fund will also provide dividends to residents and employers based on income levels, with additional amounts for heads of households with children.