The proposed bill establishes the Carbon Sequestration Task Force within the Florida Department of Environmental Protection, as outlined in the newly created section 403.945 of the Florida Statutes. The task force will consist of various appointed members, including representatives from environmental agencies, agricultural sectors, and academic institutions. Its primary responsibilities include identifying suitable environments for carbon sequestration, developing methodologies for measuring carbon levels, 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 to the Secretary of Environmental Protection, the Governor, and the Legislature by specified deadlines, with the task force set to expire on April 30, 2028.

The bill emphasizes the importance of maintaining natural ecosystems for carbon sequestration and outlines that participation in any related programs is voluntary, ensuring that landowners cannot be penalized for opting out. Additionally, any future regulatory frameworks or enforcement mechanisms concerning carbon sequestration will require explicit legislative approval. The act is set to take effect on July 1, 2025.