Bill > SB958

This bill, the Responding to Emergency Needs From Extreme Weather (RENEW) Act of 2024, establishes the Climate Change Adaptation and Mitigation Payment Program in the Department of the Environment. The program aims to secure payments from certain businesses that extract fossil fuels or refine petroleum products to provide revenue for state efforts to adapt to and mitigate the effects of climate change, as well as address the health impacts of climate change on vulnerable populations. The bill also establishes the Climate Change Adaptation and Mitigation Fund to support these efforts, which can be used for various climate change-related infrastructure projects, grants, and other programs. The bill outlines the specific criteria for identifying responsible parties, determining their cost recovery demands, and disbursing funds from the program.