Regional Greenhouse Gas Initiative; Commonwealth Resilience Fund established. (HB2205)
Introduced By
Del. Ron Villanueva (R-Virginia Beach) with support from co-patron Sen. Lionell Spruill (D-Chesapeake)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Regional Greenhouse Gas Initiative; Commonwealth Resilience Fund established. Requires the Governor to join the Regional Greenhouse Gas Initiative that established a regional CO2 electric power sector cap and trade program and establishes the Commonwealth Resilience Fund, a revolving fund to serve as a consistent revenue stream to assist counties, cities, and towns in the Hampton Roads region with the implementation of adaptation efforts to combat sea level rise and recurrent flooding. The bill also provides economic development assistance for families, businesses, and localities in Southwest Virginia to offset negative economic impacts associated with reduced fossil fuel production. Read the Bill »
Outcome
History
| Date | Action |
|---|---|
| 01/15/2015 | Committee |
| 01/15/2015 | Presented and ordered printed 15103469D |
| 01/15/2015 | Referred to Committee on Commerce and Labor |
| 01/20/2015 | Assigned C & L sub: Special Subcommittee on Energy |
| 01/29/2015 | Impact statement from DPB (HB2205) |
| 02/03/2015 | Subcommittee recommends laying on the table |
| 02/10/2015 | Left in Commerce and Labor |
Comments
we support Ron Villanueva's bill that will help prepare for the amelioration of the effects of rising sea levels already upon us, and the greater disastrous effects coming in the future.
Heads buried in the sand will eventually be buried in the sea. Our grandchildren will ask why we didn't do something to prepare for the obvious.
Harvey and Donna Bryant
Virginia Beach
The Virginia Housing Coalition supports this bill. It would provide a flexible market-based way to limit carbon emissions while providing funding for protecting Virginia’s coastal communities from flooding and rising sea level, promoting economic development and new jobs in Southwest Virginia, and funding energy efficiency and clean energy programs across the State.