Step-by-step, Virginia is moving closer to establishing a carbon trading market. That’s good news for advanced energy and the Commonwealth’s economy.
Earlier this month, Virginia’s Department of Environmental Quality (DEQ) wrapped up a public comment period on its proposed CO2 Budget Trading Program. Under this regulation, fossil-fired generators with a capacity equal to or greater than 25 megawatts (MW) would be issued permits and required to meet mitigation targets, either through reducing emissions or procuring additional permits. This regulation will help make Virginia’s energy more secure, clean, and affordable while reducing emissions and bolstering the state’s economy – central goals of Virginia AEE.