| 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 is Virginia law, and provides much-needed solutions to climate-related issues we face right now. As a Hampton Roads resident, I have seen firsthand the detrimental effects of flooding in our community , a problem that is only getting worse as sea-level rises and storm surges intensify. $52 million in RGGI funding has been invested in Hampton Roads to mitigate flooding damages; we cannot afford to lose this vital funding source. RGGI has reduced emissions from VA power plants, improving public health and supporting Virginia's goal of carbon-free power by 2050 as set forth in the Virginia Clean Economy Act. The funds generated by RGGI lower energy bills for low-income households while creating thousands of good, local jobs for HVAC workers, roofers, and electricians, plus it can fund energy efficiency upgrades, saving households hundreds of dollars each year. Staying in RGGI puts Virginia in the "doing the right thing" category as a state.