Virginia joined RGGI precisely because of the program’s proven record of decreasing energy costs and slashing air pollution: RGGI-state emissions are just half of what they were at the program’s start more than a decade ago. As for costs, RGGI-state electricity prices have fallen over time, and RGGI-funded efficiency investments lower monthly bills, delivering $1.2 billion in bill savings thus far, with $13 billion more expected. It’s not surprising, then, that RGGI-state economies have grown faster than the rest of the country.

Here in Virginia, large polluters have already paid more than $200 million in RGGI proceeds for two crucial investments. First, RGGI investment in Virginia’s Community Flood Preparedness Fund goes to tackle the worsening sea-level rise across Hampton Roads and flooding statewide. RGGI already funded Virginia Beach with $3 million to mitigate the much higher costs of sea-level rise. Del. Will Morefield (R-Tazewell) also proposed using RGGI investments to help Virginians hit by extreme-weather flooding in far Southwest Virginia. Second, RGGI investment goes to bill-lowering energy efficiency improvements for the hard-working Virginia families that need them most. In the Albemarle County region alone, RGGI investments will slash the energy costs for more than 350 extremely low-income families, with relief to hundreds more families to come. Leaving RGGI would defund these very real investments in Virginia and Virginians.

More important, doing so would overlook the ripe opportunities right at hand to deliver progress and lower the electric bills of Virginia ratepayers.

Youngkin can lead in Richmond with real, bipartisan solutions here. He could provide relief from Virginia’s high electric rates if he worked with both legislative chambers on common-sense energy measures. To name just two major cost-of-living reforms: Youngkin and the legislature can first boost our economy’s lagging energy efficiency performance by ensuring state-regulated monopolies fully unlock those proven but still-latent Virginia resources. That reform will lower bills and the need to pay for costlier new electricity generation. And they could work together to rid Virginia’s code of the slew of monopoly-friendly “rate adjustment” accounting gimmicks that raise ratepayer costs by artificially inflating, month after month, Virginia electric bills. Virginia law has so many of those “rate adjustment” gimmicks, in fact, that there is even one in Virginia’s RGGI law (the only RGGI state to include one), unnecessarily padding electric utility profits on the backs of Virginia families.

So if Youngkin strikes anything from law, it should be those kinds of unnecessary cost burdens on Virginia ratepayers. Because one thing is certain: If Youngkin works on real solutions to lower both the cost of living and emissions, his first year in office will set a problem-solving leadership example to the nation, by delivering bipartisan progress in a narrowly divided state, that further strengthens Virginia’s economic resilience.