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§ 1-110. Carbon offset market programs

West's Annotated Code of MarylandNatural ResourcesEffective: July 1, 2022

West's Annotated Code of Maryland
Natural Resources
Title 1. Department of Natural Resources (Refs & Annos)
Subtitle 1. Organization, Powers, and Duties of Department (Refs & Annos)
Effective: July 1, 2022
MD Code, Natural Resources, § 1-110
§ 1-110. Carbon offset market programs
Currentness
Partnerships with private sector organizations
(a) The Department may enter into partnerships, through formal contracts or memoranda of understanding, with private sector organizations with experience in carbon offset markets or programs in order to:
(1) Create statewide or regional partnerships for the purpose of minimizing the costs and maximizing the benefits of enrolling private and public lands in carbon offset markets; and
(2) Assist private landowners with the aggregation of projects to make the projects more saleable in carbon offset market programs.
Implementation
(b) To learn about establishing and verifying carbon credits, on or before July 1, 2024, the Department, in consultation with appropriate experts, shall begin implementation of, or otherwise support:
(1) At least one carbon offset project on State land; and
(2) At least one carbon offset project in a marine or estuarine habitat.

Credits

Added by Acts 2022, c. 237, § 1, eff. July 1, 2022; Acts 2022, c. 238, § 1, eff. July 1, 2022.
MD Code, Natural Resources, § 1-110, MD NAT RES § 1-110
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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