MD HB1199

Department of the Environment must complete a study and report by December 31, 2027 evaluating the design and implications of implementing an economy-wide cap-and-invest program to help Maryland achieve net-zero greenhouse gas emissions by 2045.

Study must evaluate program design elements including covered sectors, facility-specific emissions limits near overburdened communities, treatment of trade-exposed industries, allowance distribution and auction mechanisms, and use of offset credits.

Revenue use considerations include rebates for low- and moderate-income households, clean energy and efficiency programs, transportation investments, carbon removal technologies, climate resiliency, and workforce development.

Study must model potential impacts on emissions reduction targets, energy affordability, economic competitiveness, and strategies to ensure low-income households do not face net cost increases.

Funding comes from the Maryland Strategic Energy Investment Fund, with reimbursement from program revenue if implemented by June 30, 2030; the Department may contract with consultants to conduct the study.