How Can Maryland Maintain A Steady Source of Funding for Clean Energy Programs?

Posted on November 17, 2010. Filed under: Uncategorized |

The economic recession has crunched state budgets and made priorities even more difficult to juggle. In Maryland, popular clean energy programs like the residenital solar grant have struggled to maintain steady sources of funding. Most of these programs are funded through proceeds from Regional Greenhouse Gas Initiative (RGGI) auctions. As a result of the recession, auction clearing prices have fallen and proceeds have been unstable.

Plus, the RGGI proceeds pot is too attractive to avoid reallocation towards other state programs in tough budgetary conditions.

How can we solve this dearth of steady funding for MD Clean Energy Programs? We think a public benefit fund is a great model for Maryland to follow. Read more about the funding challenges in Maryland and how a Clean Energy Benefit Fund can help the state maintain sustainable funding for clean energy programs in our latest white paper available here.


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One Response to “How Can Maryland Maintain A Steady Source of Funding for Clean Energy Programs?”

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[…] Posted on February 4, 2011. Filed under: News | Tags: boulder, clean currents wind power, clean energy rewards, energy efficiency, Garagiola, Manno, Maryland Clean Energy Center, maryland general assembly 2011, MEA, Public Benefit Fund, renewable energy, SB 304, solar, wind | Anyone with experience in renewable energy/efficiency industries in Maryland knows that financial incentives are a key component to helping consumers adopt new technologies and that these incentives often lack a steady stream of funding. A bill introduced in the Maryland General Assembly Session this past week, SB 304, can help create a steady stream of funding. […]

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