AN ACT CONCERNING THE ESTABLISHMENT OF A CLIMATE CHANGE SUPERFUND.
What changed between versions
Added 22 detailed definitions including 'Climate Superfund Cost Recovery Program', 'responsible party', 'covered period', and 'climate change adaptation project' to clarify program scope and eligibility.
Established the Climate Superfund Cost Recovery Program to be administered by the Department of Energy and Environmental Protection with six specific purposes including securing payments from responsible parties.
Set the covered period for emissions calculation from January 1, 1995 to December 31, 2025, and set program effective date to July 1, 2025.
Defined 'responsible party' as entities emitting more than one billion metric tons of greenhouse gases during the covered period, with strict liability for cost recovery.
Added formatting changes including LCO number updates (2682 to 4800) and page numbering adjustments to reflect committee processing.
Expanded definition of climate change adaptation projects to include nature-based solutions, flood protections, infrastructure upgrades, and public health measures.