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Illinois proposes a Climate Change Superfund to charge businesses by emissions, aiming to fund resilience projects, but faces criticism over power, clarity, and economic risk.
Illinois lawmakers are considering Senate Bill 2981, which would create a Climate Change Superfund to make businesses pay for climate-related damages based on their emissions.
The Illinois Environmental Protection Agency would determine liability, set payments, and direct funds—40% of which must benefit disadvantaged communities—toward projects like flood mitigation and heat reduction.
Supporters say it promotes accountability and resilience, while critics, including Republican lawmakers, warn it grants too much power to unelected officials, lacks clear definitions, risks legal challenges, and could drive businesses out of the state.
The bill includes a severability clause and allows companies to contest liability, but its economic and legal impacts remain uncertain.
Illinois propone un Superfondo de Cambio Climático para cobrar a las empresas por las emisiones, con el objetivo de financiar proyectos de resiliencia, pero se enfrenta a críticas sobre el poder, la claridad y el riesgo económico.