Repealing the Regional Greenhouse Gas Initiative (RGGI)

Gov. Younkin gave Virginia on Day One an executive order outlining the coming steps, which still must follow the letter of Virginia’s administrative process rules.

It was a vote of the Air Pollution Control Board, citing authority over airborne carbon dioxide emissions, that implemented the cap and trade rules that require electric power producers to buy carbon allowances.  That allowance cost is then passed on to power customers, in the case of Dominion Energy Virginia customers directly on every month’s bill.

The Virginia General Assembly authorized (that’s the key word) Virginia’s participation in the regional compact that auctions the allowances, but no law says Virginia must belong.

Read more here from the Jefferson Policy Journal: