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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Virginia is ranked 10th in the nation for clean energy employment with 88,370 jobs. Currently, the state holds 8,831 jobs in renewable energy, including in solar and wind; 2,305 jobs in storage and grid; 71,505 jobs in energy efficiency; 277 jobs in clean fuels and 5,452 jobs in clean vehicles.
These industries are all poised for growth as Virginia continues to invest in its clean economy through RGGI and other programs. Numerous analyses of the RGGI program have shown what we intuitively know to be true: Growing jobs in the clean energy economy, reducing pollution that harms human health and the environment, and investing in workers and local communities has substantial net benefits. One analysis found that over its first three compliance periods, RGGI created nearly 45,000 job-years in the region.
The RGGI program has also provided for nearly $4 billion in investments by states in programs of their choosing. Many states invest the proceeds from the program in energy efficiency, direct electric bill payment assistance, clean energy projects and job training.