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Bill Summary · HB 975

Summary of HB 975: Relating to Carbon Sequestration Incentives

Purpose and Intent

House Bill 975 (HB 975) aims to promote carbon sequestration practices in Hawaii by establishing incentives for land management that enhances carbon capture. The bill seeks to support the state's efforts in combating climate change and achieving sustainability goals through the implementation of the Hawaii Carbon Smart Land Management Assistance Program.

Key Provisions

  • Incentives for Carbon Sequestration: The bill proposes financial incentives for landowners and managers who adopt practices that increase carbon sequestration on their properties.
  • Establishment of the Hawaii Carbon Smart Land Management Assistance Program: This program will provide guidance and resources to landowners to implement effective carbon sequestration strategies.
  • Appropriation of Funds: The bill includes provisions for the appropriation of funds necessary to support the implementation of the program and to cover associated administrative costs.
  • Creation of Positions: The bill may also lead to the creation of new positions within the Department of Land and Natural Resources (DLNR) to oversee the program and ensure its effective operation.

Affected Parties

  • Landowners and Managers: Individuals and organizations managing land in Hawaii will be directly impacted as they may benefit from the incentives provided for adopting carbon sequestration practices.
  • State Agencies: The DLNR will play a crucial role in administering the program and ensuring compliance with the new regulations.
  • Environmental Organizations: Groups focused on climate change and sustainability may find new opportunities for collaboration and support through this initiative.

Legislative Timeline

  • Introduced: January 21, 2025
  • First Reading: January 23, 2025
  • Committee Review:
    • The bill was referred to the Energy and Environmental Protection (EEP) and Finance (FIN) committees.
    • On February 13, 2025, the EEP committee recommended the bill be passed with amendments.
  • Second Reading: The bill passed its Second Reading on February 14, 2025, and was referred to the FIN committee for further consideration.

Related Legislation

  • SB 1178: This bill serves as a companion to HB 975, indicating a parallel legislative effort to address carbon sequestration in Hawaii.

Conclusion

HB 975 represents a significant step towards enhancing carbon sequestration efforts in Hawaii through financial incentives and support for land management practices. By fostering collaboration between landowners and state agencies, the bill aims to contribute to the state's environmental sustainability goals and combat climate change effectively.

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

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