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Maryland climate plan passes key tests in UMD studies
Date:11/2/2011

ing in Maryland, and its economy as a whole, to be agile enough to make the necessary changes in technologies and business practices to absorb what has been portrayed as a policy-induced shock on the economy," concludes one of the new University of Maryland reports. "At worst, the CAP will become an indistinguishable part of a larger and longer-term trend of declining manufacturing employment in the state. At best, the CAP will generate new business opportunities and jobs."

New "green" jobs would likely grow out of the work involved in emissions reductions, the study says. It does not forecast a specific number, but suggests the economic and policy atmosphere is ripe for green job growth: "Maryland stands to benefit from new employment opportunities that will support mitigation policies associated with the state's CAP. Maryland must ensure that it continues to capitalize on its talented and skilled workforce and that policies and strategies are in place to support growth and attract new green jobs."

The Maryland Department of Environment commissioned the studies. It is charged with submitting a tentative Climate Action Plan (CAP) to Gov. O'Malley by the end of 2011.

"These reports provide essential information about the early effects of implementing Maryland's Climate Action Plan," says Sean Williamson, CIER researcher and report co-author. "They should remove potential roadblocks and advance the process."

In their analyses, the CIER researchers, along with colleagues from Towson University's Regional Economic Studies Institute and Johns Hopkins University Professor Benjamin F. Hobbs, analyzed the impact resulting from implementation of the following climate remediation programs, including:

  • Renewable Energy Portfolio Standard: requires electricity suppliers to meet a portion of retail electricity sales from renewable energy sources
  • Regional Greenhouse Gas Initiative: first market-based regulatory program in t
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Contact: Neil Tickner
ntickner@umd.edu
301-405-4622
University of Maryland
Source:Eurekalert  

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