Maryland HB1040 establishes the Maryland Strategic Energy Investment Fund to allocate funds for climate change programs and energy efficiency.
Maryland HB1040 creates the Maryland Strategic Energy Investment Fund to implement the Strategic Energy Investment Program. The fund will allocate resources to various programs aimed at reducing the impact of climate change, including incentives for replacing gas stoves with induction stoves and heat systems with heat pumps. It also provides funding for energy efficiency and conservation programs, public education initiatives, and grants for clean energy projects. The fund will be financed by proceeds from the sale of allowances, compliance fees, and other sources.
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- Core Provisions
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- Legal Framework
- Critical Issues
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