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SB 64

AN ACT TO AMEND TITLE 7 OF THE DELAWARE CODE RELATING TO REGIONAL GREENHOUSE GAS INITIATIVE AND CO2 EMISSIONS TRADING PROGRAM AUCTION PROCEEDS.

153rd General Assembly (2025-2026) Introduced by Rich Collins and 10 co-sponsors

SB 64 modifies Delaware's handling of CO2 emissions trading auction revenue, potentially redirecting millions in annual climate funding to other state priorities.

Adopted in lieu of the original bill SB 64, and Assigned to Environment, Energy & Transportation Committee in Senate
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Bill Summary · SB 64

Legislative bill overview

SB 64 proposes amendments to Delaware's Title 7 code regarding how proceeds from the Regional Greenhouse Gas Initiative (RGGI) CO2 emissions trading program are allocated and managed. The bill addresses the distribution and use of auction revenues generated when companies bid for carbon dioxide emission allowances. These changes would modify existing policies governing what happens to the money collected from this cap-and-trade program.

Why is this important

RGGI generates substantial state revenue—Delaware collected roughly $30+ million annually in recent years—which currently supports clean energy investments, energy efficiency programs, and climate initiatives. How these funds are redirected could significantly impact Delaware's clean energy transition, renewable energy development, and energy affordability for residents. The outcome will determine whether money continues flowing to established environmental programs or gets reallocated to other state priorities.

Potential points of contention

  • Reallocation of climate funding: The bill may redirect RGGI proceeds away from renewable energy and efficiency programs toward general state budget needs, potentially slowing Delaware's climate goals
  • Program sustainability: Changes to auction revenue use could affect the long-term viability and effectiveness of Delaware's participation in the multi-state RGGI coalition
  • Environmental justice: Depending on amendments, low-income communities that benefit from current RGGI-funded weatherization and efficiency programs could lose access to these services

Compiled from official sources — confirm details with the bill’s official record.

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