The Center for Economic and Policy Studies: dedicated to applying economic analysis to the design, implementation, and evaluation of public policy and to providing a better understanding of local and regional economies.
Learn more about our full range of economic and policy services »
July 12 Workshop on Virginia and the Regional Greenhouse Gas Initiative
Virginia Commonwealth University; Workshop details
Governor McAuliffe has directed the Virginia Department of Environmental Quality to implement a “trade-ready” cap on electricity sector emissions (ED-11). The natural trading partner for such a program is the nine-state Regional Greenhouse Gas Initiative (RGGI), which has had a regional cap on electricity sector carbon dioxide emissions since 2009. To ensure that issues related to linking these programs are fully explored as DEQ works to implement ED-11, we are holding an afternoon workshop on July 12 at Virginia Commonwealth University. Our workshop will have two panels of experts, one on new modeling results on linking the programs and one on institutional issues that need to be addressed in building a program that will be linkable with RGGI.
Economists at Resources for the Future in Washington D.C. have worked with U.Va.’s Weldon Cooper Center for Public Service to model the effects of linking a Virginia cap with RGGI. These modeling results will be presented at our workshop. The Natural Resources Defense Council has also had modeling done to estimate likely outcomes of linking. These results will also be presented at the workshop. We will also have expert comment from experts familiar with RGGI on important design elements in program linkage.
We will also explore some institutional factors that will be important in considering linking the programs. We will discuss legal issues related to linking. We will hear about the challenges and opportunities of linking from the Governor’s office, from Dominion Resources and from a former RGGI state official.
All in all I hope you will agree that this will be an interesting and informative workshop. Detailed information about the workshop is in the attached flyer. The workshop is free and open to the public, but we ask that you register in advance so that we can make sure to have enough seats and to keep you informed about any changes.
Full details about the workshop and links to the presentations are here