Bill > HB503

This bill establishes the Pennsylvania Climate Emissions Reduction Program (PACER), a cap-and-invest carbon regulation specifically targeting the power sector's greenhouse gas emissions. The program will conduct Pennsylvania-run auctions where electricity generators, brokers, and financial institutions can purchase carbon allowances, with an independent market monitor overseeing the process to ensure fairness. The auction proceeds will be distributed across four key accounts: 70% to the Consumer Protection Account (providing direct bill credits to electric ratepayers), 10% to the Pennsylvania Energy Transformation Account (funding projects like carbon capture, renewable energy, and environmental justice initiatives), 10% to the Workforce Enhancement Fund (supporting energy-related job training and project development), and the remaining percentage to the Low-Income Support Account (supplementing energy assistance grants). A newly established Workforce Enhancement Fund Board, comprised of state officials and appointed members, will manage the fund and develop strategic plans for grant allocations. The bill emphasizes protecting jobs, addressing climate change, and ensuring reliable, affordable power, with a specific focus on supporting environmental justice areas. Notably, the bill prohibits Pennsylvania from participating in other carbon auctions unless specifically authorized by the General Assembly, making this a state-controlled emissions reduction strategy.

Agriculture and Natural Resources

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=503