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

HB 1199 requires Maryland's Department of the Environment to study how an economy-wide cap-and-invest program could help the state meet its 2045 net-zero emissions goal. The study, to be done with agencies like the Climate Change Commission and Energy Administration, must evaluate program design elements - including covered sectors, allowance distribution, and equity considerations - and explore revenue uses for climate initiatives. It specifically examines how to minimize burdens on businesses, protect trade-exposed industries, and allocate funds for low-income household energy assistance, clean transportation, and ecosystem resilience. The bill does not implement the program but mandates a detailed analysis based on Maryland's existing climate plan and lessons from jurisdictions like California and Quebec.