HB 24-1339 Summary

• Increases Air Quality Control Commission from 9 to 11 members effective October 1, 2024, adding one representative from a disproportionately impacted community and one climate scientist, both from organizations without financial ties to regulated entities.

• Requires commission to adopt rules by January 1, 2025 that prohibit greenhouse gas emissions from the industrial and manufacturing sector from increasing and cap sector-wide emissions at 97 million metric tons of carbon dioxide equivalent cumulatively between 2025 and 2030.

• Prohibits sources from meeting compliance obligations through payments unless exchanged for greenhouse gas credits that are surrendered in a trading program with declining limits established by the commission.

• Mandates source-specific emission reduction requirements met through direct reductions for any industrial source that adversely affects a disproportionately impacted community.

• Clarifies that "GHG credit" includes allowances to emit one metric ton of carbon dioxide equivalent by a regulated source.