Existing law requires the California Energy Commission (CEC), in coordination with relevant federal, state, and local agencies, to develop a strategic plan for offshore wind (OSW) energy developments installed off the California coast in federal waters, and requires the CEC to submit the strategic plan to the Natural Resources Agency and the Legislature on or before June 30, 2023. Existing law requires the CEC, on or before June 1, 2022, to evaluate and quantify the maximum feasible capacity of OSW to achieve reliability, ratepayer, employment, and decarbonization benefits and to establish megawatt OSW planning goals for 2030 and 2045. Existing law requires the CEC, in coordination with specified State entities, to work with stakeholders, other State, local, and federal agencies, and the OSW energy industry to identify suitable sea space for wind energy areas in federal waters sufficient to accommodate those OSW planning goals. Existing law repeals these provisions on January 1, 2027. This bill would state the intent of the Legislature to enact future legislation to create the Offshore Wind Coastal Compensation Fund for purposes of mitigating the impacts of the deployment of OSW infrastructure in California on the tourism industry, marine and other coastal wildlife, the fishing industry, and other entities, funding costs associated with the future decommissioning of obsolete OSW infrastructure, and providing funding to marine life sanctuaries, federally recognized tribes, cities, and counties.