Environment (Climate Change)

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.

HB 695 establishes the Green and Renewable Energy Efficiency for Nonprofits (GREEN) Loan Program to provide no-interest loans to 501(c)(3) nonprofit organizations in Maryland. The program, managed by the Maryland Clean Energy Center, funds the planning, purchase, and installation of qualifying renewable energy systems (like solar panels) and energy efficiency improvements (such as HVAC upgrades or window replacements). Eligible projects must support Maryland’s environmental and greenhouse gas reduction goals. The program is funded through a new special nonlapsing loan fund, with interest earnings reinvested into the fund.