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 9-member Climate Action Cost Council to review climate-related regulations. State agencies must get the council’s 2/3 approval before adopting new rules to meet climate goals, and can issue no more than five such rules annually. The council must consider costs to businesses and ratepayers, grid reliability, and emissions reductions before approving proposals. Agencies must notify the council 60 days in advance of proposed rules, and the council will report annual costs and emissions data to the governor and legislature.