With the passage of HB21-1266, the State’s Industrial sector must reduce its greenhouse gas (GHG) emissions by 20% by the year 2030, compared to what it released in 2015. As a result, there are ongoing rulemakings with the Air Quality Control Commission (AQCC). The Chamber is leading a coalition of ten member companies on the GEMM 2 rulemaking. We are meeting regularly with our affected members and our legal counsel to identify strategies and advocate for the best outcome for Colorado’s businesses.
The Colorado Chamber of Commerce filed a pre-hearing statement (PHS) on July 25 in response to the latest redline to the proposed Reg 27 under consideration in front of the AQCC. The Chamber’s legal counsel worked closely with all our affected members to determine the key issues to highlight in our PHS. Those issues include, but are not limited to, making the timelines for compliance less aggressive, prioritizing cost-effectiveness, ensuring the success of a credit market, and establishing a GHG Reduction Fund to aid compliance. The Chamber also submitted an alternate proposal to the AQCC to argue for the creation of a GHG Reduction Fund which is a crucial piece for affected companies to comply with the new GHG reductions.
The hearing for Reg 27 is September 21 and 22 with public comment the evening of September 20. For questions or additional information contact Meghan Dollar, SVP of Governmental Affairs and Political Operations ([email protected]).