Charlottesville awarded $153K for flood study from RGGI funds
Earlier this year, Virginia joined the Regional Greenhouse Gas Initiative, a multi-state program that places caps on the amount of carbon emissions for many industries. If companies exceed their limits, they have to purchase credits. Revenues go to state governments for programs such as the Virginia Community Flood Preparedness Fund, which is to receive 45 percent of the RGGI funds. So far, Virginia has received $142 million over three auctions.
Charlottesville will receive $153,500 from the fund to pay for a plan to prepare the Moores Creek Watershed for the floodings. That’s part of $7.8 million in grants announced yesterday by Governor Ralph Northam. The funds are distributed by the Virginia Department of Conservation and Recreation, an agency that is also working on a master plan for coastal resilience in Virginia.
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