This report was prepared pursuant to § 10.1-1330 of the Code of Virginia which directs the Department of Environmental Quality (DEQ), the Department of Conservation and Recreation (DCR), the Department of Housing and Community Development (DHCD), and the Department of Energy (DOE) to, beginning January 1, 2022, annually prepare a joint annual written report describing the Commonwealth's participation in the Regional Greenhouse Gas Initiative, the annual reduction in greenhouse gas emissions, the revenues collected and deposited in the interest-bearing account maintained by the Department of Environmental Quality pursuant to the Clean Energy and Community Flood Preparedness Act, and a description of each way in which money was expended during the fiscal year.