Virginia Alternative Energy and Coastal Protection Act; created. (HB351)

Introduced By

Del. Ron Villanueva (R-Virginia Beach) with support from co-patron Del. Marcus Simon (D-Falls Church)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Alternative Energy and Coastal Protection Act. Requires the Governor to seek to join the Regional Greenhouse Gas Initiative or other carbon trading program with an open auction of carbon allowances. The Department of Environmental Quality is directed to establish a carbon dioxide cap and trade program to reduce emissions released by electric generation stations. The revenues from the sale of carbon allowances are to be deposited in the Commonwealth Resilience Fund, a revolving fund established by this measure that is to serve as a revenue source to assist localities with the implementation of adaptation efforts to combat sea level rise and recurrent flooding. The Commonwealth Resilience Fund also provides funding for energy efficiency and conservation programs; economic assistance for families and businesses in Southwest Virginia; renewable energy generation programs, and costs of administering the program. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/05/2016Committee
01/05/2016Prefiled and ordered printed; offered 01/13/16 16102606D
01/05/2016Referred to Committee on Commerce and Labor
01/21/2016Assigned to sub: Special Subcommittee on Energy
01/21/2016Assigned C & L sub: Special Subcommittee on Energy
02/04/2016Impact statement from DPB (HB351)
02/09/2016Subcommittee recommends laying on the table
02/16/2016Left in Commerce and Labor