AN ACT RELATING TO HEALTH AND SAFETY -- RHODE ISLAND CLEAN HEAT STANDARD ACT

SB 2654 establishes a Rhode Island Clean Heat Standards Program requiring heating providers to meet annual clean heat targets through a system of tradeable credits. Providers using cleaner heating sources (like renewable energy) earn credits they can sell to others who fall short of their targets. This market-based system aims to gradually increase the use of clean heat across the state without mandating specific technologies. The program directly affects heating providers, utilities, and businesses using significant thermal energy in Rhode Island.