RGGI Carbon Tax Prices Soar as Va. Gov. Forces State to Rejoin

Virginia is officially rejoining the Regional Greenhouse Gas Initiative (RGGI) carbon tax scheme this July after a liberal court deemed its previous withdrawal under former Governor Glenn Youngkin unlawful. This reentry forces utilities like Dominion Energy to resume purchasing carbon credits—modern-day indulgences for the “sin” of emitting carbon dioxide. The cost will be passed on to ratepayers through monthly bill increases (see Va. Utility Cos. Will Pass Cost of RGGI Carbon Tax on to Ratepayers). The price of carbon "credits" (indulgences) has soared due to Virginia rejoining. Do you think your electric bill is high now, Virginia? Just you wait and see.

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