Maine LD1870 Passes Assessing Greenhouse Gas Emissions Cost

LD1870 passed the Maine Legislature, introducing a framework to assess the cost of greenhouse gas emissions. The bill would require covered entities to account for greenhouse gas emissions in a specified manner, potentially creating new financial obligations tied to emissions output.

Entities operating in Maine that are subject to greenhouse gas emissions reporting requirements should monitor the bill's progress, as the final version may impose cost assessment obligations on emitters. Businesses in energy-intensive industries should review their current emissions profiles and prepare for potential cost implications if the bill is signed into law.