I am opposed to the repeal of CO 2 Budget Trading Program as required by Executive Order 9 (Revision A22). Virginia needs to continue to be part of the Regional Greenhouse Gas Initiative (RGGI).

• People all over Virginia have benefited from RGGI.
• Flood damage is increasing across the Commonwealth and, by law, 45% of RGGI.
• Revenue addresses flooding.
• Revenue from RGGI has surpassed half a billion dollars, far outstripping projections by state officials.
• No sustainable funding source has been proposed to replace the revenue from RGGI needed to address flooding. And no funds have been proposed to replace the 50% of RGGI revenue mandated to permanently reduce the energy burden on low-income households through weatherization.
• Only the General Assembly can repeal a law, it is not within the power of a governor or a state board. Attempts to circumvent the legislature will end in court and taxpayers will have to pay to defend an action they oppose.
• RGGI uses cap-and-trade, a proven, market-based system that reduces emissions.   It is an essential part of Virginia’s Clean energy future.