Establishes a climate action cost council; limits the number of rules and regulations that may be promulgated annually regarding certain climate goals

This bill establishes a nine-member Climate Action Cost Council to review state climate regulations. It limits the annual number of new climate-related rules and regulations to five, requiring council approval before they take effect. The council must evaluate costs to businesses and ratepayers, grid reliability, and emissions impacts before approving measures to meet New York's climate goals under the CLCPA. This directly affects state agencies, regulated industries (like energy and manufacturing), and ratepayers by adding a review step for climate regulations.