Bill > S674

This bill establishes the Carbon Sequestration Support Fund, a new financial resource within the state's accounting system designed to provide grants that support activities aimed at removing carbon from the atmosphere. Carbon sequestration is a process by which carbon dioxide is captured and stored, typically in soil, plants, or geological formations, as a strategy to mitigate climate change. The fund's primary goal is to financially support projects and initiatives that can effectively increase the amount of carbon being removed from the atmosphere, thereby helping to reduce greenhouse gas concentrations and potentially slow global warming. By creating this dedicated fund, the state is demonstrating a commitment to addressing climate change through direct financial support for carbon sequestration efforts.

Agriculture and Natural Resources

https://malegislature.gov/Bills/194/S674