FOR IMMEDIATE RELEASE
July 26, 2017
Contact: Laura Tierney
Email: [email protected]
Clean Energy Business Coalition Supports Virginia’s Proposed Carbon Emission Trading Regulation
Washington, DC – The Business Council for Sustainable Energy submitted comments today on Virginia’s proposed regulation to reduce and cap carbon emissions through an interstate trading program. The comments convey support for market-based mechanisms for addressing climate change, and highlight the importance of using the full portfolio of commercially available energy efficiency, natural gas, and renewable energy technologies to achieve emissions reductions. BCSE President Lisa Jacobson commented: “The Council has long supported market-based approaches to addressing climate change and applauds Virginia’s leadership in moving forward with a trading program to reduce greenhouse gas (GHG) emissions. Establishing a regulation to reduce and cap carbon dioxide through a multi-state trading program makes sense for Virginia citizens and businesses. Capping carbon from power generation facilities will incentivize the use of cleaner, cheaper energy resources that promote economic development and job creation in the Commonwealth. Additionally, trading within a larger group of states will allow for greater market efficiency. “Successful reduction of Virginia’s carbon emissions will require embracing the full portfolio of clean energy and energy efficiency technologies, products and services. As the State Air Pollution Control Board crafts a plan to reduce emissions and make Virginia trading-ready, the Council urges the Air Board to recognize the carbon reducing potential of energy efficiency, natural gas, and renewable energy and the important role that flexibility mechanisms can play, including carbon offsets, in achieving cost-effective emission reductions.” Please see here for a PDF of the comments.