Zero–Emission Energy Resources and Carbon Capture, Use, and Sequestration – Renewable Energy Portfolio Standard and Study
Impact
The bill mandates the Maryland Energy Administration, alongside other state agencies, to conduct a comprehensive study on the barriers to adopting carbon capture, use, and sequestration in the state. This includes exploring regulatory frameworks governing sequestration facilities and identifying the necessary environmental protections. By addressing these issues, HB1366 is expected to promote the growth of the carbon capture industry in Maryland, potentially leading to job creation, technological innovation, and enhanced environmental quality.
Summary
House Bill 1366 proposes significant revisions to Maryland's renewable energy portfolio by recognizing zero-emission energy resources as Tier 1 renewable sources. This inclusion aims to facilitate the transition to cleaner energy production methods. Specifically, the bill considers electricity produced by facilities equipped with carbon capture systems to be eligible for meeting the state's renewable energy quota. The legislation thus emphasizes the importance of carbon capture technology as a mechanism to reduce greenhouse gas emissions while maintaining energy supply reliability.
Contention
Notable points of contention surrounding HB1366 stem from the complexities associated with carbon capture technologies and their implementation. Critics may argue that the regulatory standards and responsibilities defined in the bill could be burdensome for businesses, which could inhibit industry investment and development. Additionally, discussions arise about potential environmental impacts and land use implications tied to the establishment of carbon sequestration facilities, thus raising concerns amongst local communities regarding transparency and environmental safety.
Additional_notes
If enacted, HB1366 would take effect in specified phases, with some provisions beginning on January 1, 2023. This timeline aims to allow the relevant state agencies adequate preparation time to develop the necessary regulatory frameworks and public engagement strategies to facilitate the transition towards increased renewable energy adoption.
Electricity and Gas - Emissions Reductions, Rate Regulation, Cost Recovery, Infrastructure, Planning, Renewable Energy Portfolio Standard, and Energy Assistance Programs (Next Generation Energy Act)
Electricity and Gas - Emissions Reductions, Rate Regulation, Cost Recovery, Infrastructure, Planning, Renewable Energy Portfolio Standard, and Energy Assistance Programs (Next Generation Energy Act)