An Act To Update The Regional Greenhouse Gas Initiative Allowances

Summary

The bill revises Maine’s annual carbon‑dioxide emissions budget, setting lower caps for 2027‑2037 and a permanent cap thereafter, and changes the state’s participation in the Regional Greenhouse Gas Initiative by adjusting allowance auctions and removing offset‑project requirements. It impacts the Department of Environmental Protection, power generators and other entities that buy or sell RGGI allowances. The changes aim to keep Maine’s emissions on a declining path while simplifying the RGGI framework.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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