Bill > H841

This bill aims to promote sustainable investment, economic security, and fiscal responsibility with respect to climate risks. Some key provisions include: 1. Requiring disclosure of climate risks and adaptation measures in applications for state permits, authorizations, grants, and other financing. The Secretary of Energy and Environmental Affairs can deny incomplete applications that do not sufficiently address these issues. 2. Requiring applicants for state grants, loans, or other funding to demonstrate that their projects include adaptation measures to address climate risks over the economic or financing life of the project. 3. Requiring state agencies to consider climate risks and adaptation measures in requests for proposals for state capital projects. 4. Requiring the Department of Public Utilities to ensure that investor-owned electric, gas, steam, and water companies identify and address climate risks in their operations and capital investments. 5. Directing the Board of Building Regulations and Standards to study the feasibility of updating building codes to address and protect against climate risks. The bill also aims to ensure that climate risk disclosures and adaptation measures address disproportionate burdens on low-income and minority populations.

Agriculture and Natural Resources

https://malegislature.gov/Bills/191/H841