This bill establishes a new commission in New Hampshire tasked with studying the financial costs associated with climate damage and identifying effective methods for recouping these costs. The commission will consist of various members, including representatives from the House and Senate, business and environmental organizations, and state department officials. It is charged with examining potential climate damage scenarios over the next 20 to 50 years, assessing the likely impacts on the state's infrastructure, economy, and natural resources, and exploring financial strategies for addressing these challenges. The commission is required to report its findings and recommendations by November 1, 2026.

Additionally, the bill includes a repeal of RSA 362-J:1, which pertains to the commission's study of climate damage costs and recoupment methods, indicating a restructuring or replacement of previous legislative efforts in this area. The effective date for the commission's establishment is set for November 1, 2026, while other provisions of the act will take effect upon passage. The bill emphasizes the need for equitable solutions that do not unduly burden citizens or the economy, and it highlights the state's obligation to seek remedies for damages caused by fossil fuel usage.

Statutes affected:
Introduced: 362-J:1