21 Feb '12, 10pm

RGGI Withdrawal Could Cost New Jersey $680 Million in Future Revenue

RGGI Withdrawal Could Cost New Jersey $680 Million in Future Revenue

Could Trenton be making more money from carbon emissions? As New Jersey debates continued participation in the Regional Greenhouse Gas Initiative (RGGI), a new report says the state risks hundreds of millions in future revenue, thousands of jobs, higher utility rates for consumers, and cleaner air. The report from Environment New Jersey, Benefits of the Regional Greenhouse Gas Initiative , comes as the state legislature considers bills to re-insert New Jersey into RGGI after Governor Chris Christie called the program a failure and began pulling out of the compact in May 2011. RGGI is a regional carbon emissions reduction system in operation across nine Northeast and Mid-Atlantic states (New Jersey was the tenth participating state). It is America’s only functioning cap-and-trade program, applies to all fossil-fuel burning power plants 25 megawatts (MW) or greater in size, ...

Full article: http://cleantechnica.com/2012/02/21/rggi-withdrawal-could...

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