Growing Returns

Virginia must stay in the Regional Greenhouse Gas Initiative to successfully address its flood crisis.

In 2020, Virginia made history as the first southern state to join the Regional Greenhouse Gas Initiative (RGGI), a highly successful, multistate carbon emissions cap-and-invest program for the electricity sector.

In its first year, the commonwealth netted $228 million through auction proceeds, with half going toward low-income energy efficiency and weatherization programs and 45% dedicated to Virginia’s statewide Community Flood Preparedness Fund. The fund has made tens of millions of dollars available for local governments and tribes to build capacity, plan and implement flood resilience projects.

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