This bill establishes a commission tasked with assessing the financial costs of climate damage to New Hampshire 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 studying the potential climate damage scenarios over the next 20 to 50 years, the necessary adaptations to mitigate these impacts, and the financial implications of such scenarios. The commission will also explore various means of recouping costs incurred by the state, such as legal actions against fossil fuel companies, municipal bonding, and insurance.

Additionally, the bill includes a provision for the commission to report its findings and recommendations for proposed legislation by November 1, 2026. It also repeals the existing RSA 362-J:1 related to the commission, indicating a restructuring or reformation of the previous framework. 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.

Statutes affected:
Introduced: 362-J:1