|Action||Repeal CO 2 Budget Trading Program as required by Executive Order 9 (Revision A22)|
|Comment Period||Ended on 3/31/2023|
Repealing RGGI is unlawful, unethical, bad for business and for our planet.
- 1-The repeal is unlawful. The 2020 law mandates that Virginia participate in RGGI. The administrations attempt to brush aside laws it disagrees with sets a dangerous precedent especially when considering the state of
2- Since joining RGGI, Virginia’s power plant emissions have consistently decreased, dropping 16.8% overall as compared to 2020 pre-RGGI levels.
3-RGGI improves public health. Decreased air pollution means fewer asthma attacks, premature births, and missed days of school and work. In just six years, participating states realized $5.7 billion in public health benefits thanks to RGGI.
4-RGGI is helping Virginians right now. Virginia’s participation in RGGI generates funds that are:
(a) providing safe, affordable, and energy-efficient homes to low-income families in ways that were never possible before RGGI. Staying in RGGI at least through 2030 could upgrade 130,000 homes, saving $89 million annually with average annual savings of $676 per household, and sustaining more than 2,000 jobs.6
(b) providing dedicated funding to localities to plan for and prevent recurrent flooding. There is a massive need for this funding. Flooding damages, for example, will cost the state $79.1 billion if left unchecked.