Dale. Diana M. Fennell (D-Prince George). Daniel E. Photo by Gens.
By Vandra Ashley-Ciliums
The author is a Regional Director of Maryland for Climate Xchenge, a national organization promoting climate action at the state level.
House Bill 516, The Climate Crisis and Environmental Justice Act (CCEJ), introduced by Dell Diana Fennel (D-Prince George), provides funds to reach Maryland’s climate goals. CCEJ fulfills the recommendation of the pollution reduction scheme of the Moore administration for a funding mechanism to help providing $ 1 billion annually to the state’s communities and local economy to provide a decrease in the state’s communities and local economy.
Maryland’s weakest population and trade-desire, providing protective benefits to small businesses, for investment in clean energy infrastructure, an annual average revenue generated from CCEJ pollution fee is an estimated $ 1.7 billion, which is $ 17.7 billion between 2025 and 2034, which is for investment in clean energy framework. The main provisions and benefits of CCEJ include:
- To invest in green infrastructure and install two separate funds to provide protective benefits to the houses and employers.
- Gradually the increase in the price of carbon pollution, which provides certainty to energy companies for future plans, while including a no-pass-wealth provision that protects consumers.
- Encouraging locally produced renewable energy, which creates jobs, economic vitality and investment in public goods.
CCEJ has allocated 5% revenue each year to cover administrative costs (estimated at $ 75 million per annum), which includes properly staffing agencies responsible for implementing the policy.
This will take bold action and cooperation to pursue innovative solutions to the climate crisis in Maryland and get pure-zero emissions by 2045. The state needs to implement new carbon deduction policies that will enable Maryland to establish a structure, which performs more energy dollars, which does new work, and affects the disparies.
Larger oil companies have learned about the negative effects of climate change from carbon dioxide emissions since the 1970s. This is the time when we attributed them to reduce the disastrous effects for the health, traditions and possibilities of the land, history and economy of Maryland as well as the health, traditions and possibilities of its people.
We can lower the road. We should now take action to protect our planet for future generations. Our taxpayers should not have a burden with the cost of reducing the damage caused by the damage caused to the state.
CCEJ is designed to overtake some Marylander.
On February 29, the law will be heard in the House Economic Matters Committee at 1 pm.
Re -published
Source
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