|Action||Repeal CO 2 Budget Trading Program as required by Executive Order 9 (Revision A22)|
|Comment Period||Ended on 3/31/2023|
Environmental management and the making and moving of energy, products, and people are linked. Economic prosperity, environmental protection, business consumption and human health are interdependent necessities of the U.S. economy. Federal and state-administered climate programs and policies designed to address global warming should carefully balance these competing necessities by applying rigorous scientific and economic standards.
Manufacturers and electric utilities are subject to air permitting requirements under 9 VAC 5-140 Regulation for Emissions Trading, commonly known as the Virginia Regional Greenhouse Gas Initiative (RGGI) Rule (the Rule). However, all Virginians have been affected by RGGI due to the costs it imposes upon Virginia electricity ratepayers. As such, I support the Youngkin Administration’s efforts to repeal 9 VAC 5-140 (RGGI) for the following reasons:
In closing, VCEA is the proper regulatory approach to mandating the reduction of CO2 emissions from the electric utility industry. RGGI is an additional tax that will make the cost of electricity more expensive and Virginia less economically competitive. I appreciate your consideration of these comments in support of the repeal of RGGI.
Executive Order 9 (2022): "Protecting Ratepayers from the Rising Cost of Living Due to the Regional Greenhouse Gas Initiative" requires that the department re-evaluate Virginia’s participation in the Regional Greenhouse Gas Initiative (RGGI) and begin regulatory processes to end it. Specifically, the order requires that the department develop a regulation for the State Air Pollution Control Board’s consideration to repeal the implementing regulation implementing participation in RGGI (Part VII of 9VAC5-140), and take all necessary steps so that any proposed regulation to the State Air Pollution Control Board can be immediately presented for consideration for approval for public comment in accordance with the Board’s authority pursuant to § 10.1-1308 of the Code of Virginia.