This bill, titled the "2021 Act on Climate," introduces several amendments to existing laws related to climate change and renewable energy.

First, it requires the climate change coordinating council to study and report on any legislation or programs that may be shifting the environmental impacts of carbon-free energy technologies onto impoverished and developing countries. The council will specifically examine issues such as human rights abuses, labor conditions, environmental impacts of mining, and toxic pollution resulting from the disposal of carbon-free energy technology products. The report will be submitted annually to the speaker of the house, the president of the senate, and the governor.

Second, the bill mandates that wind turbine blades from decommissioned or repowered wind energy conversion systems in the state must be disposed of or recycled within the state, unless they are recycled into a useful byproduct and approved by the department of environmental management.

Lastly, the bill establishes a program for tradable renewable energy credits for electricity generated by eligible energy technology. These credits will be treated the same as energy generated or procured by an electric utility and can be used to satisfy the eligible energy technology objective. The division of public utilities and carriers will create and implement this program, and electric utilities will be required to participate in an approved credit-tracking system. The division will also promulgate rules and regulations regarding the trading of credits and will prohibit the authorization of renewable energy credits associated with electricity generated from facilities that use slave labor or certain chemicals in their manufacturing process.

This bill will take effect upon passage.