25 Jul '11, 1pm

Businesses Unite in Support of RGGI

Businesses Unite in Support of RGGI

In an open letter to governors of the 10 states that make up the RGGI program, more than 200 businesses backed the mandatory, market-based initiative that aims to reduce carbon emissions from the region’s power sector by 10 percent by 2018 . The program includes Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island and Vermont. RGGI requires that the governor’s offices conduct a review process in 2012 . In the next few weeks, a timeline will be set that will layout the review process, culminating with a detailed state-by-state report of the impacts, effects and viability of the program. New Jersey Gov. Chris Christie has already outlined his state’s intent to back out of the program. Factions in other states, such as New Hampshire and Maine, have also called for a withdrawal, though those requests so far have failed. The p...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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