Department of the Environment - Cap-and-Invest Program - Establishment
Impact
This bill is expected to significantly impact environmental regulations within Maryland. By creating a state-level cap-and-invest program, the law aims to meet necessary climate pollution reduction targets and adhere to recommendations from Maryland's Climate Pollution Reduction Plan. The program's design will also focus on energy affordability and promoting environmental justice, which may lead to the establishment of protocols for participation in broader multistate or regional cap-and-invest initiatives.
Summary
House Bill 1272 aims to establish a cap-and-invest program in Maryland, requiring the Department of the Environment to develop this program in collaboration with the Maryland Commission on Climate Change. The bill mandates that the program be implemented by December 31, 2024, and outlines specific goals for reducing climate-altering emissions across the state. The intent is to create a structured approach to managing greenhouse gas emissions while considering economic and social implications.
Contention
While supporters of HB 1272 emphasize its potential to address urgent climate concerns and promote a cleaner environment, there may be some contention related to the overall cost of implementing such a program. Critics could argue that cap-and-invest systems may lead to increased costs for consumers and businesses, particularly in energy expenses. Additionally, the requirement for collaboration with existing commissions may raise questions regarding the efficiency and effectiveness of the program's implementation.
In powers and duties of the Department of Environmental Resources, its officers and departmental and advisory boards and commissions, providing for Office of Environmental Justice.