An Act relative to the creation of the Carbon Sequestration Support Fund
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill establishes the Carbon Sequestration Support Fund, designed to provide financial assistance for projects that capture and store carbon dioxide emissions. The fund’s purpose is to support the development and implementation of carbon sequestration technologies and practices within the state. It aims to contribute to Massachusetts’ goals of reducing greenhouse gas emissions and combating climate change. The fund will be managed by the Executive Office of Energy and Environmental Affairs.
Key provisions
- Creates the Carbon Sequestration Support Fund.
- Authorizes the fund to provide financial support to carbon sequestration projects.
- Specifies that projects supported by the fund must be located within Massachusetts.
- Designates the Executive Office of Energy and Environmental Affairs to administer the fund.
- Allows for the use of funds to support research and development related to carbon sequestration technologies.
Who is affected
- Businesses involved in carbon capture and storage technologies
- Environmental organizations
- Massachusetts residents and communities
- The Executive Office of Energy and Environmental Affairs
Bill text
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Sponsors
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2 on record
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Cosponsor
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