27 May '11, 7pm

New Jersey to Climate: Drop Dead

New Jersey to Climate: Drop Dead

It looks like New Jersey Gov. Chris Christie will become the first governor to pull his state out of the country's only operating greenhouse gas cap-and-trade program. Christie said Thursday he was yanking New Jersey from the Regional Greenhouse Gas Initiative (RGGI) by the end of the year because, he claims, it isn't working. The program, which also includes Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont, aims to reduce emissions from power plants by 10 percent by 2018. In outlining his reasons for withdrawing from RGGI, Christie explained that the state's emissions are now at lower levels than its stated 2020 goals, while the cost of RGGI's carbon permits is simply too cheap to inspire any behavior changes. New laws promote clean energy, he said, also announcing a moratorium on new coal plants in New Jersey. "We r...

Full article: http://www.greenbiz.com/news/2011/05/27/new-jersey-to-cli...

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