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130th MAINE LEGISLATURE |
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LD 1554 |
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LR 1670(02) |
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An Act To Provide
Climate Change Transition Assistance for Maine's Energy-intensive Businesses |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Energy, Utilities and Technology |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
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General Fund |
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$6,000,000 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$6,000,000 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill directs
the Efficiency Maine Trust (EMT) to establish an industrial climate
transition initiative to develop and support climate change mitigation
strategies designed to reduce greenhouse gas emissions at industrial
facilities in the State. The bill
includes a General Fund appropriation of $6,000,000 in fiscal year 2021-22 to
the EMT to be deposited in the Regional Greenhouse Gas Initiative Trust Fund
within the EMT to fund the establishment and activities of the industrial
climate transition initiative. |
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