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Key provisions of the bill include:
- Setting new goals for greenhouse gas emissions reductions—including an economy-wide net-zero target by 2050—without imposing costs on ratepayers
- Supporting clean energy jobs and businesses through tax incentives, rebates, and a council to guide workforce transitions
- Developing strategic plans and expanding access to clean technologies
- Expanding loan and grant programs to include more climate-smart projects and ensuring funds benefit low-income residents and renters
- Developing plans that address the triple impact of reducing energy costs, lowering emissions, and supporting climate resilience
- Encouraging nature based solutions for reaching our greenhouse gas reduction and other climate goals
The time is now to pass impactful legislation to counter the effects of climate change.
HB 5004 is a wide-ranging measure that focuses on affordability, energy efficiency, and developing a clean economy, and I was proud to cast my vote in favor.
The bill must now pass the Senate and get signed into law by the governor.
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