Pennsylvania Senate Bill SB1191

Pennsylvania 2023-2024 Regular Session

• Introduced: 5/28/24
• Refer: 5/28/24

Caption

Establishing the Pennsylvania Climate Emissions Reduction Program; imposing powers and duties on the Environmental Quality Board, the Pennsylvania Public Utility Commission and the Department of Environmental Protection; and establishing the Consumer Protection Account, the Pennsylvania Energy Transformation Account, the Workforce Enhancement Fund, the Workforce Enhancement Fund Board and the Low-Income Support Account.

Impact

The bill is expected to significantly alter how Pennsylvania regulates carbon emissions, placing emphasis on both compliance with federal regulations and mitigation of localized pollution. It establishes several accounts aimed at supporting environmental justice initiatives and consumer protections, demonstrating a commitment to improving air quality and investing in clean energy technologies. Accordingly, the Workforce Enhancement Fund will be created to support job training and educational programs focusing on emerging energy sectors, which is anticipated to enhance job opportunities in the local economy.

Summary

Senate Bill 1191, known as the Pennsylvania Climate Emissions Reduction Program, aims to create a Pennsylvania-specific cap-and-invest program to regulate carbon emissions from the electric generation sector. The bill intends to establish a regulatory framework under which emission allowances can be auctioned, generating revenue to fund various energy investment programs. This legislation represents a strategic effort by the Commonwealth to take charge of its energy future, focusing on reducing greenhouse gas emissions while ensuring that energy remains reliable and affordable for residents.

Sentiment

Overall, the sentiment surrounding SB 1191 is mixed. Proponents argue that the cap-and-invest approach will foster economic growth and job creation in the clean energy sector while effectively addressing climate change. They view the bill as a necessary step towards establishing Pennsylvania as a leader in climate action. Conversely, critics express concerns regarding the increased regulatory burden on energy producers and the possible financial implications for consumers. Some stakeholders worry that without careful oversight, the transition could lead to higher energy costs and job losses in certain industries.

Contention

Key points of contention include the balance between regulatory control and market freedom, as well as the efficacy of the proposed cap-and-invest model. Some legislators and stakeholders are cautious about the potential impacts of such a regulatory structure on the state's economy, particularly in communities heavily reliant on fossil fuels. Additionally, the bill restricts participation in carbon allowance auctions, which may raise questions about market accessibility and fairness. Discussions on how to ensure equitable distribution of funds generated from auctions will be crucial as the bill progresses.