I have attached the current average electricity rate, by state. The RGGI and California all have cap and trade. Compare the member state’s rates to the other states. While Virginia’s rate is the best of the RGGI states, their average power cost will go down if this happens.
Average energy costs in most of the RGGI member states are 50%+ above the vast majority of the other states. And so are California’s electricity rates.
Hell of a system. Make up a notional security, representing an arbitrary carbon allowance. Take sealed bids (anyone can bid, include foreigners and foreign companies) and sell them off (money goes to the agency running the pact, then after a haircut, is given to the participating state governments to spend as they wish. Speculators are welcome, as is futures trading, and fossil fuel power generation companies, must buy them to cover the estimated CO2 released by their operations on a rolling 3 year period. Of course any emissions not covered by allowances result in an additional fine paid to the state.
I understand. I’m not particularly fond of the expression either. I only use it out of laziness as I can’t think of a better term to describe the self righteous, perpetually insecure and aggrieved anti-gun mob.
It sprung up out of the white woman fusing about the black man in the park incident. One of my young employees used it in front of me and I asked him what it meant. He explained it was slang for an ignorant acting white woman.