
Skyrocketing “cap and trade” costs could be added to existing green energy mandates.
by Kevin Mooney
Virginia voters, taxpayers, and ratepayers should know that if Abigail Spanberger becomes their next governor, they will pay higher energy costs that will show up on their utility bills and everyday purchases.
Spanberger made that clear during a podcast last year when she told a political science professor that as governor she would have the state rejoin a climate change initiative built around “cap and trade” regulations and carbon taxes.
While Spanberger is committed to the carbon tax plan, Lt. Gov. Winsome Earle-Sears, her Republican opponent, supported Gov. Youngkin’s decision to withdraw. Given how costly RGGI was to Virginia residents, and how costly it could become in the future, the candidates’ divergent positions could become a major campaign issue.
Glenn Youngkin, the incumbent Republican governor, withdrew Virginia from theย Regional Greenhouse Gas Initiative (RGGI)ย in 2023 afterย describingย the program as a “regressive tax on families and businesses.” A circuit court judgeย ruledย last November that Youngkin’s actions were unlawful. But the state will remain outside of RGGI pending Youngkin’s appeal of that ruling. The outcome of this year’s gubernatorial election could also determine RGGI’s future in Virginia.
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