Maryland House introduces carbon pricing bill

A bill to put a price on carbon is sponsored by Delegate Ben Kramer and Delegate David Fraser-Hidalgo.

This bill proposes a fee that would start at $15 per ton of CO2 in 2019, increasing by $5 per ton annually until 2025 where it would remain at $45. 90% of the funds go to a Greenhouse Gas Pollution Charges Fund. This money will provide rebates to to households and to employers. 10% of the funds will go toward a Green Infrastructure Fund to support investments in transportation, resiliency, and clean energy projects.

The bill language is available online.