Bill > SB503

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 CO2 allowance auctions with strict participation rules, limiting involvement to electricity generators, brokers, financial institutions, and specific market participants. The auction proceeds will be strategically distributed across four key accounts: 70% to the Consumer Protection Account (providing electric bill credits), 10% to the Pennsylvania Energy Transformation Account (funding pollution reduction and clean energy projects), 10% to the Workforce Enhancement Fund (supporting energy-related job and infrastructure initiatives), and the remaining percentage to the Low-Income Support Account (supplementing energy assistance grants). The bill emphasizes environmental justice by requiring at least 40% of transformation and workforce funds be allocated to projects in disadvantaged areas. A newly created Workforce Enhancement Fund Board, comprising government officials and appointees, will oversee grant distributions and develop strategic plans. Critically, the legislation prohibits Pennsylvania from participating in other carbon auctions after establishing PACER, ensuring a state-specific approach to emissions reduction. The bill's purpose is to position Pennsylvania as an energy leader while protecting jobs, addressing climate change, and ensuring affordable, reliable power for consumers.

Agriculture and Natural Resources

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