Action | Repeal CO 2 Budget Trading Program as required by Executive Order 9 (Revision A22) |
Stage | Proposed |
Comment Period | Ended on 3/31/2023 |
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RGGI imposes a carbon tax which has cost Virginia electricity generators more than $500 million in just two years, costs which are passed along to consumers. Another $300 million will likely be collected in 2023. Almost 70% of the total is paid by customers of Dominion Energy Virginia.
Virginia needs to Withdraw from RGGI.