Public Resource
Regulatory Options for an Enforceable Emissions Cap-and-Invest Program in Maryland
This report outlines options for the design of such an economy-wide cap-and invest program, drawing on both policy science literature and experience in existing emissions markets. Market-based mechanisms that place a price on emissions can be an effective tool to incentivize cost-effective emissions reductions because they give private parties the flexibility to reduce emissions where it is least expensive to do so.