Action | Repeal CO 2 Budget Trading Program as required by Executive Order 9 (Revision A22) |
Stage | NOIRA |
Comment Period | Ended on 10/26/2022 |
The introduction and implementation of the regulatory CO2 policy allowed for Virginia to drastically reduce their emissions rate. Not only that but with this policy it plans to take the budget of emissions from 78 million in 2022 to nearly 58 million to 2032. This has proven to be a crucial impact in the United States as Virginia has been known to have the fourth most emissions within the country. By placing these limitations, we are greatly reducing the ability for anthropogenic emissions to become the main cause of climate change.
This policy change limits the ability of fossil fueled electric generating units to 25 megawatts. Passing this emits excessive amounts of pollution that ultimately leads to the destruction of the environment. With the use of market-based mechanism to cap and reduce the use of fossil fuels as a main source of energy. With RGGI the expansion of these policies into neighboring states also become a more realistic vision that could greatly limit climate change worldwide. Elimination of this policy will prove to have detrimental consequences moving forward.