Sustainability & Climate

Can a carbon price lower power bills? Virginia is betting yes.

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Virginia’s new governor signed a bill to rejoin the Regional Greenhouse Gas Initiative (RGGI), a carbon pricing program aimed at reducing emissions and promoting cleaner energy. This move aims to address rising electricity costs by shifting financial burdens onto large data center users while potentially lowering bills for low-income households through efficiency programs funded by RGGI revenues, despite concerns over increased utility costs.

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