Right now, Marylanders are paying for the costs of climate change. Higher tides, hotter heat waves, and heavier rain events are all damaging infrastructure and requiring expensive repairs. Public schools that never needed AC for over a hundred years now need to have AC installed at great expense to tax payers. Salt water intrusion is making what used to be agricultural land infertile, slashing property values and as a result, property taxes to the state. 40 years ago, 9 inches of rain was a once in a hundred year rain event, today, 9 inches of rain is at least a once in 10 year rain event. None of our storm water management systems were designed to handle that increased precipitation. Many of those systems are in the middle of the expensive process of upgrading, and where upgrades to storm water management systems aren’t happening, floods are damaging people’s homes.
You can throw a dart at the map of Maryland and wherever the dart lands you will find stories of state funds being used to pay for damages caused by climate change. These costs are not optional. If a road floods regularly at high tide it will need repair, and right now the Maryland tax payer is paying for all of them. Climate damages are contributing to the projected budget deficit in Maryland
Thankfully, Maryland’s Senior US Senator Chris Van Hollen developed an innovative policy that will make the largest international fossil fuel companies pay for the cost of climate damages and ensure they cannot pass the cost on to consumers. He has introduced his Polluter Pays Act in Congress and that legislation has inspired a state version of the policy called the RENEW Act which Senator Hester, Delegate Fraser-Hidalgo and Delegate Boafo have introduced in Maryland.
Making polluters pay is extremely popular, with a full 70% of Marylanders supporting it. The policy has growing momentum and has been enacted in multiple other states, and it’s easy to see why. It provides immediate taxpayer relief at a time when the cost of living never seems to stop rising.
I am thrilled that Senator Van Hollen is my guest today on Maryland Energy Talk to discuss how we can make polluters pay for the climate damages in Maryland