Establishes the climate protection and clean energy jobs act.

Imposes a carbon pollution tax on: (1) The sale or use within this state of fossil fuels, including fossil fuels used in generating electricity; or

(2) The sale or consumption within this state of electricity generated through the combustion of fossil fuels.

Creates the carbon pollution reduction account, the carbon price impact assistance account, the climate impact account, the carbon reduction investment fund account, and the water and forests resilience account.