Youngkin Will Pull Virginia Out of Regional Greenhouse Gas Initiative, Says He Supports All-of-the-Above Energy Policy

Governor-elect Glenn Youngkin announced that he will use an executive order to pull Virginia from the Regional Greenhouse Gas Initiative (RGGI), an 11-state cap-and-trade initiative aimed at reducing utility carbon dioxide emissions by requiring utilities to bid for carbon dioxide allowances in state auctions. Youngkin’s commitment is one of his first specific energy and environmental policy statements, but he couched it as part of his broader plan to lower Virginians’ cost of living.

“RGGI will cost ratepayers over the next four years an estimated $1 billion to $1.2 billion dollars,” Youngkin said Wednesday to the Hampton Roads Chamber of Commerce.. “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, and as Governor, I will withdraw us from RGGI by Executive Action. I promised to lower the cost of living in Virginia and this is just the beginning.” 

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Virginia Gets the First U.S.-Based Offshore Wind Blade Manufacturing Facility

Offshore wind turbine blade manufacturing is coming to the U.S. and Virginia as part of a partnership between Dominion Energy and Spain-based manufacturer Siemens Gamesa. Dominion Energy has been expanding its offshore wind project with support from Virginia officials, and is already using Siemens Gamesa to manufacture blades in Europe.

“Virginians want renewable energy, our employers want it, and Virginia is delivering it,” Governor Ralph Northam said in a Monday press release. “The Commonwealth is joining these leading companies to create the most important clean-energy partnership in the United States. This is good news for energy customers, the union workers who will bring this project to life, and our business partners. Make no mistake: Virginia is building a new industry in renewable energy, with more new jobs to follow, and that’s good news for our country.”

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