LD 1554 – LD 1554 An Act To Provide Climate Change Transition Assistance for Maine’s Energy-intensive Businesses

Rep. Wadsworth-R This bill creates the Industrial Climate Transition Fund administered by the Efficiency Maine Trust that uses revenue from the sale of carbon dioxide allowances to provide loans to energy-intensive manufacturers and other businesses to become more efficient and use less energy in their operations.  The loan is forgivable if after 5 years the number of employees of the fund recipient is substantially the same or more than the number of employees of the recipient when the loan was received.
View Full Bill