Americas > Compliance Markets & Taxes > Green groups assail legal rationale of repealing Virginia RGGI regulation, business calls for orderly exit

Green groups assail legal rationale of repealing Virginia RGGI regulation, business calls for orderly exit

Published 17:38 on October 27, 2022 / Last updated at 17:38 on October 27, 2022 / / Americas (Compliance Markets & Taxes, US & Canada)

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Virginia Governor Glenn Youngkin (R) does not have the legal authority to rescind the state’s RGGI-linked cap-and-trade regulation next December, while an orderly exit needs to be ensured should the state follow through with leaving the power sector market, according to public comments published this week.
Virginia Governor Glenn Youngkin (R) does not have the legal authority to rescind the state’s RGGI-linked cap-and-trade regulation next December, while an orderly exit needs to be ensured should the state follow through with leaving the power sector market, according to public comments published this week.


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