SB65: An Act To Amend Title 7 Of The Delaware Code Relating To Terminating The Regional Greenhouse Gas Initiative And Co2 Emission Trading Program.

Legislative Summary

This Act removes Delaware from the Regional Greenhouse Gas Initiative (RGGI) as the state has already exceeded its CO2 reduction goals, cutting emissions by 45%. Despite this progress, Delaware faces high electricity costs and slow economic growth, ranking 46th in GDP growth. RGGI compliance costs are passed on to consumers, making energy more expensive for families and businesses. States outside RGGI have maintained lower energy prices while still reducing emissions. Exiting the program will allow Delaware to pursue policies that support both economic growth and energy affordability.