| Action | Repeal CO 2 Budget Trading Program as required by Executive Order 9 (Revision A22) |
| Stage | Proposed |
| Comment Period | Ended on 3/31/2023 |
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Gov. Younkin,
I am opposed to your attempt to have the Commonwealth of Virginia exit the Regional Greenhouse Gas Initiative (RGGI).
In Virginia, the proceeds from RGGI’s auctions directly benefit residents in several ways. Nearly half of the revenue from RGGI goes to the Community Flood Preparedness Fund, which has made possible dozens of local projects. So far, more than $46 million in local grants have kick-started flood protection projects in 40 localities, from the Eastern Shore to Southwest Virginia. Apart from RGGI proceeds, Virginia has no dedicated funding to address the significant and costly damage from flooding across the state.
Additionally, our participation in the RGGI has provided and/or enabled:
I request that you listen to your constituents and study the science and facts that support the commonwealth’s continued participation.
Thank you,
Robert Rhodes