The bill titled "Abrogation of CO2 Budget Trading Program Regulations Act" seeks to eliminate existing regulations related to the CO2 Budget Trading Program as outlined in 25 Pa. Code Ch. 145 Subch. E. By abrogating these provisions, the bill effectively removes the regulatory framework governing the trading of carbon dioxide emissions in Pennsylvania.

The act is designed to take effect immediately upon passage, signaling a swift transition away from the current regulatory approach to CO2 emissions trading. This legislative change reflects a significant shift in environmental policy within the Commonwealth of Pennsylvania.