Relates to the state greenhouse gas emission accounting system; aligns the state accounting system with the Intergovernmental Panel on Climate Change (IPCC) accounting system.
Amends the definition of "carbon dioxide equivalent" to provide that such term be calculated based on a 100-year time frame after emission; provides for rules and regulations to amend the statewide greenhouse gas emissions limit; repeals provisions of law relating to statewide greenhouse gas emissions reductions.