Concerning emissions from emissions-intensive, trade-exposed facilities under the climate commitment act.

This bill modifies the Climate Commitment Act by defining which industrial facilities qualify as "emissions-intensive, trade-exposed" and are eligible for free emissions allowances. It outlines how these allowances will be allocated and adjusted over time, with a focus on reducing emissions while preventing businesses from relocating due to climate regulations. The bill also requires the state to study future allowance allocation methods and report on the risks of emissions and job leakage from these facilities.

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