Summary of Investment Plan
Maryland is using proceeds from the sale of RGGI CO2 allowances to establish the Strategic Energy Investment Fund (SIEF), a special, non-lapsing fund administered by the Maryland Energy Administration (MEA).
SIEF funds are allocated according to Senate Bill no. 268 and House Bill no. 101, which direct RGGI auction proceeds to energy efficiency, conservation, and other demand response programs; residential energy bill assistance; renewable energy deployment; and climate change outreach and education.
Investment Highlights
Through June 30, 2010, Maryland has invested $19.9 million in CO2 allowance proceeds in energy efficiency and renewable energy. To date, more than 17,000 Marylanders and their families have taken part in CO2 allowance proceeds that funded energy efficiency and renewable energy programs, saving more than $77 million over the life of the investments. As a result of clean energy programs funded by Maryland's investment of CO2 allowance proceeds:
- More than 3,000 low-income apartments have received energy efficiency retrofits;
- More than 350 farmers have received funding for energy efficiency projects;
- More than 900 people have received training for careers in energy efficiency;
- Grants to local governments and non-profits to have helped over 7,500 low-income Marylanders;
- Marylanders have purchased nearly 5,000 energy efficient appliances.
More Information
For more information on proposed SIEF programs, please see:
For general information on Maryland's participation in RGGI please consult state regulations.
|
