Why Governor-elect Youngkin is right to pull Virginia out of RGGI

“RGGI describes itself as a regional market for carbon, but it is really a carbon tax that is fully passed on to ratepayers. It’s a bad deal for Virginians. It’s a bad deal for Virginia businesses. I promised to lower the cost of living in Virginia and this is just the beginning.” — Virginia Governor-elect Glenn Younkin

In Episode 235 of District of Conservation, Gabriella discusses two news stories for listeners. One regarding incoming Virginia Governor Glenn Youngkin announcing his intent to withdraw the Commonwealth from the Regional Greenhouse Gas Initiative (RGGI), the other about Biden’s EPA revoking the Trump-era Navigable Waters Protection Rule (NWPR). Tune in!

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SHOW NOTES

Virginia Mercury: Youngkin pledges to pull Virginia from carbon market by executive order

Utility Dive: Virginia regulatory staff project $800 annual customer bill increase for Dominion to meet clean energy law

Virginia State Corporation Commission eFiling CASE Document Cover Sheet – December 2021

CATO Institute: A Review of the Regional Greenhouse Gas Initiative

CBO: Effects of a Carbon Tax on the Economy and the Environment

Tax Foundation: Carbon Tax and Revenue Recycling: Revenue, Economic, and Distributional Implications

68% of Americans Wouldn’t Pay $10 a Month in Higher Electric Bills to Combat Climate Change

IWF: EPA Revokes Reasonable Navigable Waters Protection Rule

WSJ: A Navy Veteran Went to Prison for Digging Ponds in the Mountains