Loose Change: Virginia elections pave way for RGGI expansion

Carbon markets are poised to make their debut in the South, as voters in Virginia gave Democrats unified control of state government last night, erasing narrow GOP majorities in the General Assembly that served as the roadblock to the state joining a power sector cap-and-trade program run by 10 Northeast and Mid-Atlantic states. Virginia regulators have already completed rules allowing the state to trade with the Regional Greenhouse Gas Initiative (RGGI), but Republican legislators earlier this year included provisions in...