Virginia Regulatory Town Hall
Agency
Department of Environmental Quality
 
Board
Air Pollution Control Board
 
chapter
Regulation for Emissions Trading [9 VAC 5 ‑ 140]
Action Repeal CO 2 Budget Trading Program as required by Executive Order 9 (Revision A22)
Stage NOIRA
Comment Period Ended on 10/26/2022
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9/28/22  10:03 am
Commenter: Dayna Sowd

Keep Virginia in RGGI
 

Keep Virginia in the Regional Greenhouse Gas Initiative.

Virginia received $228 million from RGGI auctions during our first year in the program, and that money is used to create energy-efficient, affordable housing units, help low-income families reduce energy bills, and improve community flood prevention/protection in VIRGINIA.

  • 50% of the funds go to low-income energy efficiency programs
  • 45% go to the Virginia Community Flood Preparedness Fund
  • 5% is used to administer the program

For example, 9.2M is going toward storm water improvement in Hampton, VA which will help with the regular flooding already being experienced in low-lying streets. Without this funding, the costs to Virginia would be increased as the situation gets worse and business/tourism/civilian life is negatively impacted.

Virginia dollars are being invested in Virginia with benefits for all Virginians. Since joining RGGI, Virginia has seen a 13% drop in air pollution from coal and gas plants. RGGI leverages relationship with our regional neighbors to operate an market-based program that generates new state funds AND also reduces electricity sector emissions. What's not to like?

 

CommentID: 156883