Action | Repeal CO 2 Budget Trading Program as required by Executive Order 9 (Revision A22) |
Stage | NOIRA |
Comment Period | Ended on 10/26/2022 |
Virginia's participation in the CO2 trading program was established by statute and cannot be voided by an executive order. The proposed action is arbitrary and not legal. The commonwealth will loose when this action goes to court.
Aside from that, the program makes money for the state, is not overly intrusive, will help curb air pollution in Virginia; and mitigates the effects of climate change. In short it is an efficient, market oriented way of making the lives of all Virginians better.