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