|Action||Repeal CO 2 Budget Trading Program as required by Executive Order 9 (Revision A22)|
|Comment Period||Ended on 3/31/2023|
The Regional Greenhouse Gas Initiative is a MARKET-BASED program that results in decreased greenhouse gas emissions while simultaneously allowing for economic prosperity. The RGGI has a history of success, accruing benefits to local economies, public health, and the environment. Virginia will be losing out by withdrawing its participation from this vehicle of greenhouse gas reduction. Not only will the state lose the market restrictions RGGI places on emissions (and the consequent health and environmental benefits), but it will also lose access to RGGI funds intended to support low-income energy efficiency programs and assist those affected by recurrent flooding, sea level rise, and flooding from severe weather events. I have personally been affected by flooding from severe weather events (with increasing regularity). With the fate of the next generation on the line, Virginia cannot afford to withdraw from this program.