Environment - Regional Greenhouse Gas Initiative - Withdrawal (Restoring Energy Freedom Act)

SB 373 would require the Governor to withdraw Maryland from the Regional Greenhouse Gas Initiative (RGGI), a regional program limiting power plant emissions. The bill repeals and amends Maryland law that previously mandated state participation in RGGI and redirected funds from RGGI allowance sales to the Maryland Strategic Energy Investment Fund. It removes requirements for the state to report on emissions reductions plans if RGGI participation ends. This legislation directly affects Maryland's state government and energy policy by ending the state's involvement in the multi-state emissions trading program. The bill does not alter current emissions regulations but changes how funds from RGGI would be handled if Maryland withdraws.