Raised Bill No. 354 Summary

• Establishes binding greenhouse gas emission reduction targets with specific deadlines: 45% below 2001 levels by 2030 (with 40% zero-emission Class I renewable electricity), 54% by 2035 (70% renewable electricity), 62.5% by 2040 (zero emissions in electricity sector), 71% by 2045, and 80% by 2050 (zero emissions in transportation and building sectors).

• Requires the Commissioner of Energy and Environmental Protection to develop multiple technically and economically feasible schedules of regulations and policies to achieve emissions targets, including performance standards for transportation, buildings, and industrial sectors; renewable energy deployment; and energy efficiency measures.

• Creates an Environmental Equity Working Group to identify disadvantaged communities and ensure they receive at least 35% (goal of 40%) of overall benefits from clean energy and energy efficiency spending across housing, workforce development, and pollution reduction.

• Establishes a Just Transition Office in the Labor Department to provide workforce development, retraining, and apprenticeship programs for clean energy jobs, with focus on workers in affected fossil fuel industries and underrepresented populations.

• Requires fossil fuel facility operators and distributors eliminating positions to provide 90 days' notice and mandates prevailing wage and project labor agreements for clean energy projects funded through state procurement.