Bill > S03346

This bill enacts the Climate and Community Investment Act, a comprehensive legislation aimed at addressing climate change and supporting disadvantaged communities through a multi-faceted approach. The bill establishes a climate pollution fee on carbon-based fuels and greenhouse gas emissions, with the revenue allocated across four primary funds: a community just transition fund (33%), a climate jobs and infrastructure fund (30%), a low-income and small business energy rebate fund (30%), and a worker and community assurance fund (7%). The legislation creates several key programs, including a community just transition program that will provide grants to disadvantaged communities for renewable energy projects, energy efficiency improvements, and community ownership initiatives. A worker assurance program will offer support to workers in industries impacted by the transition to a low-carbon economy, providing income support, retraining, and job placement assistance. The bill also establishes a household and small business energy rebate program to help offset increased living costs associated with the climate pollution fee, with special provisions for low-income and moderate-income households. The bill introduces robust reporting and accountability mechanisms, requiring the department of environmental conservation to produce comprehensive biennial reports on the implementation of these programs, their environmental and social impacts, and their effectiveness in reducing greenhouse gas emissions. It emphasizes equity by ensuring that at least 40% of funds are invested in disadvantaged communities and by creating mechanisms for community input and decision-making. Additionally, the legislation includes provisions for emissions leakage mitigation, labor standards for renewable energy projects, and protection for workers in transitioning industries. The climate pollution fee is designed to incrementally increase over time, with adjustments based on the state's progress in reducing greenhouse gas emissions. Overall, the bill represents a comprehensive approach to addressing climate change while prioritizing social and economic justice.

Agriculture and Natural Resources

https://www.nysenate.gov/legislation/bills/2025/S3346