|Action||Repeal CO 2 Budget Trading Program as required by Executive Order 9 (Revision A22)|
|Comment Period||Ended on 8/30/2023|
RGGI is a successful climate alliance, please don't abandon it. In the past couple of years since it was enacted Virginia has seen much progress.
Yes, according to Dominion Energy, our energy bill has gone up—a little—by $2.39 per month, and at the same time though, the Environmental Protection agency (EPA) has reported that power plant emissions have fallen 16.8% statewide. On top of that, more than $650 million have poured into Virginia coffers, money that has been used for a number of green projects, including building flood resistance in low-lying parts of the state and improving home energy efficiency, particularly in low-income residences. And then there’s this: If your state stays the course, Virginia’s overall energy emissions could reach net-zero by 2050. Why would we want to demolish a program in which the benefits far outweigh any of the costs.
For the original ten members of RGGI, the system has worked extraordinarily well for 18 years, with the overall alliance reducing total emissions by 50%—twice as fast as states in the rest of the country—and raising $6 billion to invest in local communities. This is not a failure, it is a success and we must keep it going.