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Bill > S2133


MA S2133

To expand carbon pricing in the commonwealth


summary

Introduced
03/29/2021
In Committee
08/08/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to expand carbon pricing in the commonwealth. Telecommunications, Utilities and Energy.

AI Summary

This bill aims to expand carbon pricing in the Commonwealth of Massachusetts. It requires the Secretary to adopt market-based compliance mechanisms for the transportation sector by January 1, 2023, commercial and industrial building heating and cooling by January 1, 2024, industrial processes by January 1, 2025, and residential heating and cooling by January 1, 2028. These mechanisms must be designed to maximize the Commonwealth's ability to achieve its greenhouse gas emissions limits, ensure equitable outcomes, prevent increases in toxic air pollutants, mitigate adverse impacts on at-risk sectors, and provide environmental and economic benefits. The bill also establishes three new trust funds (Green Commercial Building Fund, Green Industrial and Manufacturing Fund, and Green Residential Building Fund) to receive and allocate the proceeds from these market-based mechanisms to further the achievement of the emissions limits.

Committee Categories

Transportation and Infrastructure

Sponsors (24)

Last Action

Ought NOT to pass (under Joint Rule 10) and placed in the Orders of the Day for the next session (on 08/08/2022)

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