The proposed bill establishes the Carbon Sequestration Task Force within the Florida Department of Environmental Protection, aimed at developing a statewide carbon sequestration program. The task force will consist of various members, including state officials and representatives from environmental organizations and agricultural sectors. It is tasked with identifying suitable environments for carbon sequestration, evaluating methods to enhance carbon storage, and recommending benchmarks for increasing carbon sequestration in both terrestrial and aquatic ecosystems. The task force is required to submit reports detailing its activities and findings by specified deadlines, with the task force set to expire on April 30, 2028.

Key provisions of the bill include the definitions of "blue carbon" and "carbon sequestration," as well as legislative findings that emphasize the importance of maintaining natural ecosystems for environmental health and economic sustainability. Participation in the carbon sequestration programs will be voluntary, and landowners will not face penalties for opting out. Additionally, any future regulatory frameworks related to carbon sequestration will require explicit legislative approval, ensuring that landowner rights are protected. The bill is set to take effect on July 1, 2025.