On November 8, 2017, the Virginia Department of Environmental Quality (DEQ) released a draft proposed regulation to implement a declining cap on electric sector carbon emissions that would link with the existing Regional Greenhouse Gas Initiative (RGGI) carbon market. The proposed regulations implement Governor Terry McAuliffe’s Executive Directive 11 (ED 11), signed on May 16, 2017. ED 11 directed VA DEQ to develop “trading ready” regulations to “abate, control or limit CO2 emissions” from the state’s electric power facilities. >Democratic Lt. Gov. Ralph Northam, who won Virginia’s gubernatorial race on November 8, 2017, is expected to continue efforts of current Governor Terry McAuliffe to ready the state for carbon trading.