Virginia reaps $228 million in first year of carbon market participation

Revenues more than double environmental officials’ projections

Virginia took in $227.6 million for flood protection and low-income energy efficiency programs during its first year of participation in the Regional Greenhouse Gas Initiative, a carbon cap-and-invest market involving 10 other Mid-Atlantic and New England states.
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EEFA-VA advances policies and programs that will provide comprehensive energy efficiency services to the state’s multifamily affordable housing stock.

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