Study on Greenhouse Gas Emissions Economy-Wide Cap-and-Invest Program (Maryland Climate Crisis Equity Act)

SB 590 requires Maryland's Department of the Environment to study the design and implications of an economy-wide cap-and-invest program to help achieve the state's 2045 net-zero greenhouse gas emissions goal. The study, to be developed with agencies like the Climate Change Commission and Energy Administration, will evaluate key elements including which sectors (like electricity generation) to cover, how to protect low-income households through revenue use (e.g., rebates, weatherization), and how to address equity in overburdened communities. It will also assess program mechanics such as allowance distribution, auction design, and potential use of offset credits, building on Maryland's existing experience with the Regional Greenhouse Gas Initiative. The study aims to provide a foundation for future policy decisions on climate funding and emissions reductions.