Maryland HB1199 mandates a study on an economy-wide cap-and-invest program to reduce greenhouse gas emissions and fund climate initiatives.

Maryland HB1199 requires the Department of the Environment to conduct a study on an economy-wide cap-and-invest program. The study will evaluate the program's design, revenue use, equity considerations, and covered sectors. It will also assess the potential impacts on energy affordability, economic competitiveness, and climate resilience. The study will be completed in collaboration with various state agencies and stakeholders, with a report due by December 31, 2027.

Maryland HB1199 mandates a study on an economy-wide cap-and-invest program to reduce greenhouse gas emissions and fund climate initiatives.

Maryland HB1199 requires the Department of the Environment to conduct a study on an economy-wide cap-and-invest program. The study will evaluate the program's design, revenue use, equity considerations, and covered sectors. It will also assess the potential impacts on energy affordability, economic competitiveness, and climate resilience. The study will be completed in collaboration with various state agencies and stakeholders, with a report due by December 31, 2027.