The Climate Change Superfund Act is a New York State law signed in December 2024, targeting accountability for fossil fuel companies’ contributions to climate change. The act imposes fees on large polluters based on their historical greenhouse gas emissions, generating up to $75 billion for a state-managed fund. This fund is dedicated to climate adaptation projects, disaster recovery, infrastructure upgrades, and supporting communities disproportionately affected by climate change within New York. By focusing on corporate accountability, the law reduces taxpayer burden and incentivizes a shift to cleaner energy practices. Similar legislation exists in Vermont, with others under consideration nationwide.
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