Bill No.
5-14
Concerning: Environmental Sustainabilitv
Social
Cost
of
Carbon
Assessments
Draft No. 2
Revised:
3/31/2014
Introduced:
January
28. 2014
Enacted:
April
22. 2014
Executive:
May
1. 2014
Effective:
July
31.2014
Sunset Date:
~No~n:.!.!:e::....-
_ _ _ _ __
Ch.
_8_.
Laws of Mont. Co.
2014
COUNTY COUNCIL
FOR MONTGOMERY COUNTY, MARYLAND
By: Councilmembers Berliner, Floreen, Riemer, EIrich, Andrews, and Navarro
AN
ACT to:
(1)
(2)
require the [[Office of Management and Budget to submit an analysis of the social
cost of carbon with certain capital projects in the Capital Improvements
Program]] Department of Qlifneral Services to include the
soci~
cost of carbon as
a factor in determining the return on investment of certain energy efficiency
improvements; and
generally amend County law regarding the analysis of capital projects and
environmental sustainability.
By adding
Montgomery County Code
Chapter 18A, Environment Sustainability
Section 18A-16A
Boldface
Underlining
[Single boldface brackets]
Double underlining
[[Double boldface brackets]]
Heading or defined term
Added to existing law by original bill.
Deletedfrom existing law by original bill.
Added by amendment.
Deletedfrom existing law or the bill by amendment.
Existing law unaffected by bill.
..
.
..
The County Council for Montgomery County, Maryland approves the following Act:
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BILL
No.
5-14
1
Sec. 1. Section 18A-16A
is
added as follows:
18A-16A.
Social cost of carbon assessment.
Definitions.
In
this Section, the following words have the meanings
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3
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5
W
indicated:
Department
means the Department of General Services.
Director
means the Director of the [[Office]] Department or the
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Director's designee.
Energy Protect
means an energy efficiency or renewable energy
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improvement to abuilding or facility that is expected to reduce the
onsite consumption of electricity. natural gas. or other fuels.
[[Applicable capital project
means any proposed building project
administered
J2y
the Department of General Services or the Parking
Management Division of the Department ofTransportation.]]
[[OOlce
means the Office of Management and Budget.]]
Return on Investment
means a performance measure used to evaluate
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the financial return of an energy project. including reasonable
forecasts of energy costs and other factors.
Social cost
gfcarbon
means an estimate of the economic damages or
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damages avoided associated with the increase or reduction of one
metric ton of carbon dioxide emissions.
®
[lIm: each applicable capital project in the Capital Improvements
Program during facility planning, the Office of Management and
Budget must include
llh
or transmit with, the CIP an analysis of the
social cost of carbon from that project]] When evaluating a building to
determine whether to improve the building'S energy efficiency. the
Department must include the social cost of carbon as a factor in
determining the return on investment of the proposed energy
efficiency improvements.
-2­
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BILL
No. 5-14
29
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31
(£)
In
performing its analysis, [[O:rv1B]] the Department must use the
standard developed
Qy
the United States Environmental Protection
Agency or
~
standard the Director fmds equivalent.
@
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In performing its analysis, [[O:rv1B]] the Department should consult
the Department of Environmental Protection and any other County
department or agency with expertise in environmental sustainability.
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Approved:
Date
I
Approved:
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This is a correct copy o/Council action.
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~lb.~
Linda M. Lauer, Clerk ofthe Council
S-/~)i-
Date
-3­