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