|Action||Repeal CO 2 Budget Trading Program as required by Executive Order 9 (Revision A22)|
|Comment Period||Ended on 8/30/2023|
After less than three years, it's clear that RGGI is a cost-effective tool to address our climate crisis. Virginia has already received nearly $700 million for community flood-prevention investments and for energy-efficiency investments by low-income households, all while significantly reducing the carbon dioxide emissions from electricity generation in Virginia. By leaving RGGI, Virginia would lose this important new revenue and Virginia electricity generators would increase their carbon footprint.
The human-caused climate crisis is already upon us, is primarily caused by burning fossil fuels, and as an existential threat to human habitation on this planet. The decision for Virginia to exit RGGI is not merely unlawful; it's immoral and stupid.